Bolivia plans to import rice from Asia and Central America due to its lower cost

Published 2024년 10월 20일

Tridge summary

In 2023, Bolivia has been importing rice primarily from Asian and Central American markets due to lower costs and a zero tariff policy, as imports from Mercosur countries like Brazil and Argentina are not feasible due to high prices and production issues from adverse weather. Bolivia imported 803 tons of rice, a decrease from previous years, with most imports still coming from Argentina and Brazil. To address domestic shortages caused by drought and fires, the Bolivian government has approved a Supreme Decree to maintain zero tariffs on rice imports and plans to import 60,000 tons. The price of rice in Bolivia has risen significantly, with a quintal costing 400 bolivianos, although prices remain higher in neighboring countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(By Marco Antonio Belmonte) Last year, Bolivia imported 2,653 tons of rice and so far this year, 803 tons. Since the country's government has approved a zero tariff for international purchases, aiming to guarantee supply, the product is expected to be imported from Asian and Central American markets, due to its lower cost. Purchases from countries in the Southern Common Market (Mercosur) are ruled out. “We have offers of rice from other overseas markets, from Central America and Asia, from where we can obtain this product at a much cheaper price,” said the Vice Minister of Trade and Internal Logistics, Grover Lacoa, on Thursday, according to the ABI website. The authority reported that importing rice from Mercosur is ruled out, because members of this economic bloc, such as Brazil and Argentina, also faced production problems in the last harvest due to the weather and prices in the region are very high, out of line with other regions. “Brazil suffered significant losses in rice ...
Source: Planetaarroz

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