Costa Rica: Tariff Snapback Boosts Demand for US Rice

  |   Attaché Report (GAIN)   |   CS2024-0005
Costa Rica reinstated 35 percent tariffs on non-U.S.-origin rice after an administrative court overturned an August 2022 tariff reduction and the Government’s appeal was rejected. Demand for U.S. rice has surged following the tariff restoration on reduced South American-origin rice competitiveness. Costa Rican import demand has grown by more than 50 percent since 2022, as area planted to rice has fallen by more than half. U.S. rice exports to Costa Rica plummeted in late 2022 and had remained negligible in 2023, despite duty-free quotas totaling more than 75,000 metric tons.

Related Reports

On April 4, 2024, the Food Safety and Standards Authority of India (FSSAI) published on its website, Order F. No. TIC-B02/2/2022-IMPORTS-FSSAI. The FSSAI order extends the effective implementation date for the mandatory registration of foreign food manufacturing facilities (FFMF) for the import of certain categories of foods such as milk and milk products; meat and meat products including poultry, fish, and their products; egg powder; infant food; and nutraceuticals to India.
Attaché Report (GAIN)

New Zealand: Dairy and Products Semi-annual

New Zealand fluid milk production is forecasted to be 21.2 million metric tons (MMT) in the 2024 market year (MY). This is a decrease on the previous 5-year average of ~21.6 MMT, reflecting the decreasing herd numbers and the short-term effects of the following: El Niño weather pattern, softening revenue, high cost of debt servicing, and challenging feed and fertilizer prices.
Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Rice export prices further increased 2-3 percent mainly due the strengthening of the Thai baht.