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Country Briefs

  Costa Rica

Reference Date: 19-May-2017

FOOD SECURITY SNAPSHOT

  1. Cereal production in 2017 forecast slightly above last year’s below-average level

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

  3. Rice and maize prices unchanged in April and below last year’s level

Cereal production in 2017 forecast slightly above last year’s level

Planting of the main 2017 cereal crops, mostly rice, will begin towards the end of 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. FAO’s initial forecast puts the 2017 cereal crop at 215 000 tonnes or 2 percent above last year’s level. This forecast remains uncertain as producer reference prices for rice, which will impact sowing levels, have not yet been set by the local authorities. The high probability of an El Niño event developing during the June to August period also weighs on this initial forecast.

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 at about 1.2 million tonnes, slightly below 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 and maize prices unchanged in April and below last year’s level

Rice prices in April remained relatively unchanged from the previous month, but well below last year’s level, reflecting ample supplies from the secondary 2016 crop which concluded in February. Maize prices increased marginally in April, mostly reflecting seasonal trends, although they remained significantly below year earlier levels reflecting ample supplies from the good 2016 harvests and imports.