Rice producers planning new system for pricing

Rice producers plan a press conference this afternoon to announce a new method for establishing the retail price of their product.

The price of rice is controlled by the government. The rice producers said they were trying to come up with a plan to protect small producers.

Rice production in Costa Rica is considered inefficient, and foreign producers can ship in rice cheaper than the local growers can bring it to market.

The rice producers are expected to suggest a plan that involves quotas. The government usually suspends imports until the local crop has been purchased. However, the World Trade Organization has taken a dim view of the country’s subsidies of the rice industry.

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