Saturday, 26 September 2020

Bad Times for Costa Rica’s Agricultural Sector

Climate and fall in prices undermine Costa Rica's agricultural activity

The decline in exports of the agricultural sector reported in the first quarter, coupled with the lack of rainfall, has caused that the beginning of the year has not been the best for businessmen in Costa Rica.

Figures from the Promotora del Comercio Exterio de Costa Rica (Procomer) – Costa Rica Foreign Trade Promoter – report that between the first quarter of 2018 and the same period in 2019, exports from the agricultural sector were down by US$107 million.

Laura Bonilla, president of Cadexco, told Elobservadorcr.com that “… The statistical evidence is already warning signs, because a slowdown in the pace of agricultural exports during the first quarter was not seen since 2015, but this time the magnitude is greater.”

- paying the bills -

Bonilla added that producers must be provided urgently with “… tools to face the threats not only climatic but also conjunctural and market that affect them. For example, reduce the obstacles in terms of credits from the Development Banking System, to support small and medium agricultural producers and small and medium businesses in their growth and export processes.”

Another sign that the sector is not going through its best moment is reflected in the measurement of economic activity. The Central Bank’s report states that in March of this year agricultural activity fell for the sixth consecutive month (-1.2% in the month discussed), as a result of supply shocks, mainly associated with: i) the El Niño phenomenon, which caused a notable decrease in rainfall in the province of Limón and maintained a predominantly dry condition throughout the country; ii) the increase in the exportable production of pineapple from the Philippines and Thailand, which led to a drop in international prices and a reduction in the number of hectares cultivated in our country.

The products with the greatest reduction are pineapple and banana, and to a lesser extent onion, chayote and vegetable crops.

With notes from Centralamericandata.com

- paying the bills -
- paying the bills -
Q Costa Rica
Q Costa Rica
Reports by QCR staff

Related Articles

Costa Rica Goods Exports Decline

In 2019, exports of goods are estimated to total nearly US$11.5...

NASA image shows how Costa Rica beats Mexico and Central America in avoiding forest fires

Costa Rica is the country with the best performance in forest...

MOST READ

College Blogging: Tips to Write Hype Content

If you’re into blogging, you’ve probably heard Bill Gates’ famous words: Content is king. There’s no better way of capturing the importance of quality...

Canadians flying to Costa Rica with Air Canada will have free COVID travel insurance

(QCOSTARICA) As part of its return to international flights, Air Canada will provide free travel insurance to its customers for new bookings made between...

Aeromexico will resume commercial flights with Costa Rica on October 18

(QCOSTARICA) The Mexican airline Aeroméxico will resume commercial flights between the Juan Santamaría International Airport (SJO) in San Jose and the Mexico City International...

COVID-19 Costa Rica: 1,400 new cases for Sept 24; Country nearing 70,000

(QCOSTARICA) For Thursday, September 24, 2020., Priscilla Herrera, medical manager at the Ministry of Health, reported 1,400 new cases of COVID-19 in Costa Rica,...

10 points to Costa Rica’s migratory situation in the face of COVID-19

(QCOSTARICA) Since last March 6, when the first case of positive case for Coronavirus was reported in Costa Rica, unleashed was a series of...

Chirripó Park once again welcomes tourists in search of fresh air and cleansing the mind

(QCOSTARICA) Starting in October, the Chirripó National Park will once again receive tourists who await landscapes of starry skies, silent mountain sunrises and fresh...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.