Panama Prepares Rice Import


News from Panama / Tuesday, March 20th, 2018

The Government has authorized the import of up to 100 thousand tons of paddy rice, and the deadline to complete the import process will be June 30, 2018.

The Panamanian government published a decree in the Official Gazette through which it authorizes the importation of rice, and the total distribution of the quota will be made in two groups: 

” -Seven hundred thousand (700,000) hundredweight for the national industry 
-Three hundred thousand (300,000) hundredweight for the Agricultural Marketing Institute. “

See also “Central America: Price of imported rice falls 24% “

The decree details that “ …The customs import duty (DAI) of this additional ordinary quota of paddy rice will be 3%.  The import period for this quota will be up until June 30, 2018. 

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