Bolivia is experiencing a significant increase in rice prices, with the market rate being twice as high as the price set by the Food Production Support Company (Emapa). This rise is attributed to speculation, profiteering, and reverse smuggling. In response, the government has entered into an agreement with the rice industry to cap prices until the end of the year, regulate market entry, and prevent speculation and smuggling by sealing packaging bags and monitoring financial resources for rice production. Jimmy Prado, leader of the Association of Owners of Montero and Northern Integrated Rice Mills, is optimistic that the agreement will effectively combat speculation and smuggling, and expects the government to reduce rice prices gradually.