Government says deal reached on the way rice price is set

The economics ministry said Monday that it had arrived at a deal with rice growers to change the way prices are set.  That plan will go into effect in 2014.

The Ministerio de Economía, Industria y Comercio based much of its analysis on a study done by the Instituto en Ciencias Económicas of the Universidad de Costa Rica that showed that the current way the government sets the price for rice does not square with national and international markets, and the poor individuals have been hurt over the years by a rising price for rice, which is a Costa Rican staple.

Th Ministerio de Agricultura y Ganadería promised to help rice growers improve their production and help them find money for credit from international sources.

The price of rice has been a political football for years with the economics ministry trying to bring the local price closer to the world price. Meanwhile, local rice growers have been trying to block imports and get a guaranteed price form the government’s Corporación Arrocera Nacional

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