Panama: Proposals to stabilize rice prices

In Panama the Ministry of Farming Development (MIDA) is studying proposes to stabilize rice prices to the consumer. Among the options are the following:

1) Reduction of rice import tax, 2) Support to producers 3) Freezing the prices. It seems that the most viable possibility at this moment would be freezing the prices, although a final decision is expected. According to the ministry, the intention is that prices stay steady because is for this reason that the country invested 15 million balboa * to import rice.

* 1 USD = 1,00000 PAB