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Corn As A Market Sector - Production, Importation, Exportation, Subsidies, etc.


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Farmers protest  corn purchase delay

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FARMERS  in Los Santos,  frustrated with  the delayed purchase of  88,000 quintals of corn, blocked the national highway at La Honda with farm equipment on Monday, December 4.

The producers wanted to get the attention of the authorities of the Ministry of Agricultural Development (MIDA) to demand the purchase of the corn that should have been acquired in April.

Valentín Domínguez, president of the  Los Santos Associatión of Maize and sorghum producers said MIDA should act because importers refuse to comply with what was agreed about the corn food chain.

He was also concerned about the slowness with which the silos are repaired since there is only one welder and three other workers.

The urgency of farmers is because harvesting begins on January 10 and farmers don’t have storage facilities.

 

http://www.newsroompanama.com/news/panama/farmers-protest-corn-purchase-delay

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Panama: Subsidy for Corn Production

For 2018-2019, the government decided to approve the payment of $3 for each quintal harvested by corn producers, associations and cooperatives.

Friday, March 8, 2019

Some of the fundamental requirements to be met by producers who apply for the benefit are: to have a supplier code, to use the weights authorized by the National Direction of Agriculture (DNA), to present a summary table of the sale of corn, original invoices, photostatic ballots and shipping guide, to fill out the certificate of certification of the corn sold, peace and safety of the DGI, copy of the DGI and note with which the file is presented to DNA, informed the Ministry of Agricultural Development (MIDA).

You may be interested in "Corn: $380 Million in Imports"

The Panamanian government's measure became official after Resolution N°OAL-026-ADM 2019 was published in Gaceta Oficial. Laestrella.com.pa reviews that "... The document, signed by the minister of the agricultural portfolio, Eduardo Enrique Carles, explains that the price of a quintal of corn for sale in the market was set at $14.50 last January, during a meeting - on days 4, 14 and 18 - held by members of the Committee of the Corn Agrifood Chain with grain producers."

Regarding corn imports, a report from CentralAmericaData states that from January to June 2018 the main buyer according to the imported value of corn in Central America remained Guatemala with $111 million, followed by Costa Rica with $85 million, Honduras with $60 million, El Salvador with $57 million, Panama with $48 million and Nicaragua with $20 million.

See full resolution.

 

https://www.centralamericadata.com/en/article/main/Panama_Subsidy_for_Corn_Production

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  • Moderator_02 changed the title to Panama and Corn: Production, Importation, Exportation, Subsidies, etc.

For reasons that are unclear to me, Panamanian corn is virtually inedible.  It is not sweet, tender, tasty, or even chewable. I guess cows eat it which may also be why they are not sweet, tender, tasty, or even chewable, either.

While so much other produce in Panama is superior in many regards, the locally grown corn can only be rated as EPIC FAIL.

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Corn: Regional Purchases Up 13%

Between January and September 2018, corn imports from countries in the region totaled $612 million, 13% more than what was purchased in the same period in 2017.

Monday, June 3, 2019

Figures from the Trade Intelligence Unit at CentralAmericaData:

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Central American Companies Buy More
Between the first nine months of 2017 and the same period in 2018, the total value of corn imported into Central America registered a 13% increase, rising from $544 million to $612 million. In terms of imported volume, this reported an increase from 2.73 million tons to 3.03 million tons.

Price of Imports
In recent years, the price has shown a downward trend, falling by 31% for the period from October 2012 to June 2018, from $0.35 per kilo to $0.24 per kilo.

Imports by Country
From January to September 2018, the main buyer according to the imported value of corn in Central America continued to be Guatemala with $178 million, followed by Costa Rica with $128 million, Honduras with $102 million, El Salvador with $97 million, Panama with $75 million and Nicaragua with $32 million.

 

https://www.centralamericadata.com/en/article/main/Corn_Regional_Purchases_Up_13

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Corn: $819 Million in Regional Purchases

Last year, corn imports from Central American companies totaled $819 million, 16% more than in 2017.

Thursday, August 15, 2019

Figures from the Trade Intelligence Unit of CentralAmericaData:

image.png

Central American Companies Buy More
Between 2017 and 2018, the total value of corn imported into Central America increased by 16% from $703 million to $819 million. Regarding the imported volume, this also reported an increase, in this case from 3.57 million tons to 3.86 million tons.

Price of Imports
In recent years, the price has shown a downward trend, falling by 43% for the period from October 2012 to June 2018, from $0.35 per kilo to $0.20 per kilo.

Imports by Country
Last year, the main buyer by value of imported corn in Central America continued to be Guatemala with $236 million, followed by Costa Rica with $175 million, El Salvador with $137 million, Honduras with $127 million, Panama with $101 million and Nicaragua with $46 million.

Note: For this report, prepared by CentralAmericaData, SIECA data were used.

 

https://www.centralamericadata.com/en/article/main/Corn_819_Million_in_Regional_Purchases

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Food: $17 Million for Producer Subsidy

The National Assembly of Panama approved funds to pay during the second half of the year, incentives to producers of rice, corn and milk grade C.

Friday, November 29, 2019

The Budget Commission of the National Assembly approved in favor of the Ministry of Agricultural Development (MIDA) $17,371,543, to pay incentives to producers, needs an official report.

You may be interested in "Crops in Central America: Main Figures in 2018"

The statement reviews that "... The minister of MIDA, Augusto Valderrama, explained that will be supported with non-refundable resources to rice producers, who sell their crop in shell, wet and dirty to the national industry, for the 2019-2020 cycle. He also indicated that they will support producers of grade C milk, which make sales to plants and dairy industries, corresponding to what corresponds to the last half of this year.

Valderrama said that these non-reimbursable funds will consolidate the national production of grains and milk, in addition to ensuring food security of the Panamanian population, through the strengthening of agricultural and dairy activity, because together they represent about 50% of the caloric contribution of the basic food basket.
"

 

https://www.centralamericadata.com/en/article/main/Food_17_Million_for_Producer_Subsidy

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Corn: Businesses in the Region Still Rising

During the first half of the year, corn imports from companies in the region totaled $437 million, 15% more than reported from January to June 2018.

Friday, December 6, 2019

Figures from the Trade Intelligence Unit at CentralAmericaData

image.png

Central American Companies Buy More
Between the first six months of 2018 and the same period of 2019, the total value of corn imported into Central America increased 15%, from $381 million to $437 million. Regarding the imported volume, this also reported an increase, in this case from 1.68 million tons to 2.09 million tons.

Price of Imports
In recent years the price has shown a downward trend, with a 40% decrease for the period from October 2012 to June 2019, falling from $0.35 per kilo to $0.21 per kilo.

Imports by Country
In the first half of the year, the main buyer by value of corn imported into Central America continued to be Guatemala with $138 million, followed by Costa Rica with $87 million, El Salvador with $83 million, Honduras with $65 million, Panama with $39 million and Nicaragua with $26 million.

Note: For this report, prepared by CentralAmericaData, SIECA data were used.

 

https://www.centralamericadata.com/en/article/main/Corn_Businesses_in_the_Region_Still_Rising

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Central America: Corn Harvest Expected to Decline

FAO estimates that by the end of 2019 the production of grain in the region will be 29.8 million tons, below the average volume reported in the last five years.

Monday, December 9, 2019

The decline in the volume harvested will be because of the rainfall deficits that this year affected grain crops in most countries, reported the Food and Agriculture Organization of the United Nations (FAO).

You may be interested in "Corn: Central American Purchases up to June 2019"

Elperiodico.com.gt reviews that "... Prolonged dry periods between June and August, along with high temperatures that increased evapotranspiration rates, negatively affected major corn crops in northern and central Guatemala, Honduras, and northeastern Nicaragua. Dry weather conditions in Honduras caused significant crop losses."

The article adds that "... Only in El Salvador, production is expected close to average, reflecting mainly rainfall. Overall, but excluding Mexico, maize production in the sub region is forecast to be below the average of 4.3 million tons in 2019."

According to reports from CentralAmericaData, during the first half of the year corn imports from companies in the region reached $437 million, 15% more than reported from January to June 2018.

 

https://www.centralamericadata.com/en/article/main/Central_America_Corn_Harvest_Expected_to_Decline

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Panama: Corn Production Subsidy

The government will give producers, associations or cooperatives of corn and sorghum, $3 for every quintal harvested during the 2019-2020 agricultural cycle.

Tuesday, March 3, 2020

To apply for the subsidy that was made official through resolution No.OAL-047-ADM 2020 published in the March 3 edition of the Official Journal, producers must comply with several requirements.

You may be interested in "Corn: Business grows at 15%"

The official document states that "... Every producer who requests the benefit detailed in Article One and Two of this Resolution must comply with the following requirements:

  • Name and identification card of the producer (natural person)
  • Name and RUC (legal entity)
  • A copy of the producer's or legal representative's identification card.
  • Original and certified copy of the Public Registry certificate in force.
  • Taxes and income duly issued by the General Revenue Office.
  • Summary table of the purchase made, when applicable.
  • Certificate of the purchase made issued by the associations, cooperatives and agribusinesses.
  • Submission of accounts within a term of thirty days after the purchase, duly supported by the transport guides, weight receipt and payment certificates issued by each of the buyers and any other document requested by the MIDA or the General Comptroller's Office. Only accounts of the current agricultural cycle will be admitted.
  • Certification issued by the Directorate of Agriculture, stating the registration of the producer, date and registration number."

See full resolution (in Spanish).

 

https://www.centralamericadata.com/en/article/main/Panama_Corn_Production_Subsidy

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  • Moderator_02 changed the title to Corn As A Market Sector - Production, Importation, Exportation, Subsidies, etc.

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