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Country Briefs

  Costa Rica

Reference Date: 25-October-2016

FOOD SECURITY SNAPSHOT

  1. Cereal production in 2016 forecast to increase but remains below average

  2. Cereal imports in 2016/17 marketing year expected to remain relatively high

  3. Rice prices unchanged in August and at low levels, maize prices decline

Cereal production in 2016 forecast to increase but remains below average

Cereal production in 2016 is forecast at 215 000 tonnes, some 9 percent up from last year’s drought‑reduced level but still below the five‑year average. The harvest of the first main cereal season concluded in September and early estimates point to a good output. Planting of the secondary season concluded in early October under favourable weather conditions. Aggregate maize production (first and second season) is anticipated to increase by some 25 percent from last year and reach 10 000 tonnes. Rice production (paddy equivalent) is forecast at 205 000 tonnes, 8 percent above last year’s level. However, at the forecasted level, rice and maize outputs would be below the five‑year average reflecting reduced plantings for the first season, due to the late start of the rainy season.

Cereal imports in 2016/17 marketing year expected to remain relatively high

Cereal imports, mainly maize and wheat, in the 2016/17 marketing year (July/June) are anticipated to remain close to last year’s high levels, supported by strong demand from the feed industry for maize and the less‑than‑average cereal output in 2016.

Rice prices unchanged in August and at low levels, maize prices decline

Rice prices in August remained unchanged from the previous month and from a year earlier reflecting ample availabilities from imports and the recently concluded harvest. By contrast, maize prices declined sharply in August and were well below their year‑earlier level reflecting the recent main season harvest.