Monday 21 June 2021

Costa Rica Postpones End To Price Fixing Of Rice

dsc_0408The Chinchilla administration said Friday night that the removal of price fixing for rice, to have taken place on March 1, 2014, would be postponed for six months.

Rice is a staple food for Costa Ricans and the national dish is gallo pinto – or rice and beans. The price of rice is fixed and regulated by the National Rice Corporation or CONARROZ that regulates nearly every piece of the rice industry. As a result, the price plants pay to Costa Rican rice growers is entirely determined by the Costa Rican government.

CONARROZ states on its website that price fixing protects the profitability of large and small scale producers while high tariffs allow domestic producers to compete on a level playing field.

- Advertisement -

The fixed prices and high tariffs, however, have increased the price Ticos pay for rice. Consumers in Costa Rica who paid the fourth highest price for rice in the world in 2011, according to a statement by the Ministry of Foreign Trade in Costa Rica. The lower cost of importing rice from the United States has already caused five of 12 Costa Rican rice companies to collapse,

Early this year the government was standing firm in its position to eliminate state fixing of the price of rice, with the intention to organize the cooperative sector. On May 20, 2013 the government issued an executive order (decree) that eliminated price fixing staring in March 2014.

In its postponment, the Minister of Agriculture and Livestock (MAG), Gloria Abraham, argued that the rice sector has been slow in creating another mechanism.

The consumer group, Consumideores de Costa Rica, has been pushing the liberalization of prices. Erick Ulate, head of the group, says the postponement reflects the reluctance of government to help lower the price of rice once and for all.

- Advertisement -

Internationally, member countires of the World Trade Organization (WTO) are threatening a lawsuit against Costa Rica, for the transfer of paymets that they say is considered a subsidy that exceeds authorized limits.

- Advertisement -

We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

"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

Today’s Vehicle Restriction June 21: plates ending in 1 & 2 CANNOT circulate

Today, Monday, June 21, we are back to the two plates...

Will that be Cash or Sinpe Móvil?

QCOSTARICA - Sinpe Móvil is easy to use. From your phone,...


Central America is back in the news for the wrong reasons, Costa Rica is once again the exception

QCOSTARICA - Osta Rica has been the epicenter of regional diplomacy in recent days. The successive visits of the Secretary of State of the...

Since 2018 MECO has received contracts from the State for more than ¢139 billion

QCOSTARICA - Almost ¢140 billion colones (US$227 million dollars) is the amount the MECO construction company was able to snare for public works contracts...

Nathalie Álvarez Mesén’s feature debut, Clara Sola, ready for the Cannes Directors’ Fortnight

Q ENTERTAINMENT (CINEUROPA) Nathalie Álvarez Mesén’s debut feature, Clara Sola, is ready to take part in this year’s Directors’ Fortnight at the Cannes Film...

Today’s Vehicle Restriction June 21: plates ending in 1 & 2 CANNOT circulate

Today, Monday, June 21, we are back to the two plates that cannot circulate, in today's case plates ending in 1 & 2 CANNOT...

Cynthia Ann Telles named new U.S. Ambassador to Costa Rica

QCOSTARICA - Today, U.S. President Joe Biden announced his nomination of Dr. Cynthia Ann Telles as United States ambassador to Costa Rica. According to the...

The Best Sports To Play On A Beach

Costa Rica has some of the best beaches in the world. The coastline is blessed with golden sand, beautiful palm trees, and perfect blue...

Vaccination commission endorses J & J vaccine, says no to Sinovac

QCOSTARICA - The Comisión Nacional de Vacunación y Epidemiología (CNVE)  - National Vaccination and Epidemiology Commission - endorsed the use of Johnson and Johnson...

Informants assisted OIJ in corruption investigations, says the minister

QCOSTARICA - The investigation into alleged bribery of public officials in exchange for contracts for road works, received help from informants within the Consejo...

Internet speed decreases during peaks in service

QCOSTARICA - Ever wonder why your surfing on the Internet slows down, to even a crawl, mainly in the evenings? This is due to...


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

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.