Tuesday 23 April 2024

Costa Rica Out of Beans?

Paying the bills

Latest

Coffee or Chocolate? Why not both?

QCOSTARICA -San José is a city of surprises. Two...

Plastic bags are not going away (yet)

QCOSTARICA -- Different commercial and productive sectors in Costa...

Media outlets in Nicaragua not reporting news regarding Sheynnis Palacios

QCOSTARICA -- According to the Costa Rica based Fundación...

Can Microdose Mushrooms Boost Productivity? Find Out What Experts Are Saying

Microdosing involves taking a small, controlled amount—usually around 1/8...

“Respect for the division of powers” legislator tells President Chaves

QCOSTARICA - A call for respect for the division...

Carlos Alvarado: Populism is thriving in Costa Rica

QCOSTARICA -- On Wednesday, former president Carlos Alvarado (2018-2022),...

1960s Costa Rica

QCOSTARICA - The first indigenous peoples of Costa Rica...

Dollar Exchange

¢498.77 BUY

¢502.86 SELL

23 April 2024 - At The Banks - Source: BCCR

Paying the bills

Share

600x400_1400716234_220514actNota3,photo01
Nicaraguan workers. Costa Rica since the beginning of the year has been rejecting Nicaraguan bean imports for its impurities. Nicaragua’s La Prensa, ran the headline “Costa Rica Out Of Beans”.

The domestic bean industry denounced the impeding shortage of the grain, saying that stock may be exhausted in less than a month and problems with the importation of beans.

The industry says the country has only 3.200 metric tons of black beans and 1.200 metric tons of red, while combined monthly consumption is 4.1 metric tons.

Experts say that the situation will lead to a shortage in less than 30 days unless imports are streamlined.

- Advertisement -

For its part, the Consejo Nacional de Producción (CNP) – National Production Council, estimates a stockpile of 7.900 metric tons of black and 2.100 metric tons of red beans, explained Arlyne Alfaro, CNP systems coordinator. The stockpile should be enough to the first week in July, according to CNP estimates.

The situation has already lead to an increase in bean prices, 10% for the year, according to the CNP. Industry groups put the increase over 30%.

After confirming the shortage, the CNP issued a recommendation to a commission composed of members of the Ministries of Agriculture, Economy and Foreign Trade, that in two weeks issue a decree that will allow bean imports without tariffs.

The objective of the decree, according to Carlos Monge, president of the CNP, is for Costa Rica to import 11.264 metric tons of beans that will ensure domestic consumption to January 2015.

Since early this year, the outgoing administration began restricting bean imports from Nicaragua, basing the controls on current laws and according to international standards.

Costa Rica last year produced 14.000 metric tons of beans, less than a third of national consumption, relying on Nicaraguan imports to meet the domestic demand.

- Advertisement -

Costa Rica importers associated with the Asociación Nacional de Industriales del Frijol (Anifri) are placing their hopes on the current government to make changes to the law that will streamline imports.

Tico importers commonly buy grain with impurities and then process them in its packing for distribution in the domestic market.

- Advertisement -
Paying the bills
Rico
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Coffee or Chocolate? Why not both?

QCOSTARICA -San José is a city of surprises. Two of my...

Plastic bags are not going away (yet)

QCOSTARICA -- Different commercial and productive sectors in Costa Rica have...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Discover more from Q COSTA RICA

Subscribe now to keep reading and get access to the full archive.

Continue reading