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Country Briefs

  Costa Rica

Reference Date: 6-July-2017

FOOD SECURITY SNAPSHOT

  1. Cereal production in 2017 forecast above last year’s level

  2. Cereal imports in 2017/18 marketing year expected to remain relatively high

  3. Rice and maize prices unchanged in June

Cereal production in 2017 forecast above last year’s level

Planting of the main 2017 cereal crops, mostly rice, concluded in May. Plantings of both rice and maize are initially forecast to remain essentially unchanged from last year’s level, reflecting ample availabilities in the market of both crops. Planting operations benefitted from adequate precipitation levels and growing conditions for the remaining of the season are deemed to be optimal as the probability of El Niño event developing this year has significantly diminished. FAO’s initial forecast puts the 2017 cereal crop at 216 000 tonnes, 3 percent above last year’s level. This forecast assumes that normal weather conditions prevail for the rest of the year and that plantings, particularly for rice, remain as expected.

Cereal imports in 2017/18 marketing year expected to remain relatively high

Cereal imports, mainly maize and wheat, in the 2017/18 marketing year (July/June) are anticipated at about 1.2 million tonnes, virtually unchanged from last year’s high level. The high level of imports mainly reflects a strong demand for feed maize.

Rice and maize prices unchanged in June

Rice prices in June remained virtually unchanged from the previous month and below last year’s level, reflecting imports and carryover supplies from the 2016 crop. Maize prices were also unchanged in June, but were moderately above year earlier levels in anticipation of the 2017 harvest which will start in late August.

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