Costa Rica

Costa Rica's rice lobby has refused to allow the price of rice to fall, with producers in the South blocking roads in order to pressure the government into keeping the price for a 73.6 kilo sack of rice at US$44.85. This price represents a significant premium on global rice prices with our Commodities team estimating this to be around 40% higher than market value, and is creating tension between manufacturers and producers, which is likely to increase the pressure on the government to act. Moreover, pressure from the World Trade Organisation, who have deemed it an unacceptable subsidy, is also

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