El Salvador: Corn imports caused $ 80 million in losses for agriculture

Published 2021년 7월 21일

Tridge summary

In 2020 and into 2021, massive corn imports caused a market oversaturation, resulting in a significant drop in price and leading to an estimated $80 million in losses for local farmers, according to Luis Treminio, president of the Salvadoran Chamber of Small and Medium Agricultural Producers. Despite these setbacks, farmers are still planting to ensure food security for their families and are hopeful to produce enough to cover the local market in the 2021-2022 harvest. They also believe they can satisfy the government's requirements for pandemic food packages with their production. Treminio criticized the government's reliance on imports, arguing that it could prioritize local production to support local farmers and the economy.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The high amount of corn imports that took place in 2020 and part of this year have caused losses of $ 80 million for local farmers, said Luis Treminio, president of the Salvadoran Chamber of Small and Medium Agricultural Producers (Campo). According to Treminio, the corn production of the 2020-2021 harvest was about 20 million quintals of corn and the saturation in the market with the arrival of imported corn caused the price of the quintal to fall by about $ 4, which would give an amount global loss of $ 80 million. “The cost of production was about $ 16.29 (per quintal) and in the market the quintal moves (sells) on average at $ 12. For 20 million quintals of corn, about $ 80 million were lost in the 2020-2021 harvest, ”he said. Treminio added that some 420,000 producers of basic grains have been affected, since due to the low prices in the market, the local producer, instead of making a profit, faces losses. To this is added that the costs do not include the payment of labor in ...

Source: Elsalvador