HomeCosta RicaWhy Costa Rica farmers are going out of business?

Why Costa Rica farmers are going out of business?

The National Chamber of Agriculture and Agribusiness (CNAA) of Costa Rica reported monthly losses of $1,000,000 for the agricultural sector due to problems at the Caldera port on the Pacific coast.

The CNAA reported uncertainty surrounding the administration and operation of the Caldera port, as the fourth position of the dock, designated for bulk shipments, is being utilized to unload other product types, disrupting the flow of goods nationwide.

In addition, the restrictions established for navigation through the Panama Canal, due to low water levels resulting from the intense drought, have been causing prolonged delays and significant increases in maritime freight rates, which make the import of grains, raw materials, and inputs necessary for agricultural production in the country more expensive.

“As a chamber, head of the agricultural sector, we are extremely concerned about the situation. Our associates report major negative impacts, such as delays in the importation of products, increased costs, both in freight and goods. As a consequence, we have had to increase inventories, generating higher operating and investment expenses, in addition to facing economic fines due to delays in the delivery of goods,” the Chamber stated.

Ivannia Quesada, interim president of the CNAA, stated that the situation of Puerto Caldera is really worrisome since the dock has reached its maximum occupancy for months.

“It is a situation that directly affects the agricultural sector, hitting it economically at a time when the exchange rate, climatic phenomena, among other situations, have caused a great affectation in the productive sector of the country. Therefore, from the CNAA, we hope that the intervention announced by the government authorities is given as soon as possible in order to alleviate one of the major problems facing the sector at this time,” he said.

The vice-president of the CNAA, Óscar Arias, assured that the situation in the port of Caldera not only increases the costs of the companies but also puts at risk the fulfillment of contracts.

“The collapse of Caldera not only affects operational efficiency but also has direct consequences on the competitiveness of the domestic market and exports due to the increase in the price of goods,” he concluded.

Trending Now

Costa Rica and El Salvador Sign New Agreement to Fight Organized Crime

Costa Rica and El Salvador have signed a new security agreement aimed at strengthening cooperation against organized crime, as President Laura Fernández moves to...

Costa Rica Hands Four Suspects to US in Three Days as US Embassy Praises New Prison

Costa Rica extradited four suspects to the US in three days as the US Embassy praised its new maximum-security prison.

Costa Rica’s Capital Gets a Temporary Forest and Free Saturday Music

A temporary forest at the entrance to the Central Bank Museums will host a free music event Saturday, giving residents and visitors yet another...

Dollar Slips Back Toward 450 Colones, Shrinking What Your Dollars Buy

The dollar closed Friday at 452.92 colones on Monex, down from 460.45 on Oct. 1, reducing what anyone earning or saving in dollars gets in Costa Rica.

Costa Rica Audit Finds Long Delays for Stomach Cancer Diagnosis and Treatment

Patients with stomach cancer in Costa Rica can face months of waiting for tests, biopsy results and treatment, according to a CCSS audit that...

Costa Rica Moves 2,700 Corals Deeper to Escape El Niño Heat

Scientists moved 2,700 corals at Isla Tortuga into deeper water as El Niño heat raises the risk of bleaching on Costa Rica reefs.

Costa Rica’s Prison Population Hits Record Ahead of Mega-Prison Opening

Costa Rica held a record 21,173 adults in prison as of Oct. 7, up 42% since 2022, as the government prepares to open its 5,100-bed CACCO maximum-security prison.

Costa Rica’s Brisa Hennessy Wins in Portugal and Jumps 20 Places Toward the 2027 World Tour

Costa Rican surfer Brisa Hennessy won the EDP Ericeira Pro with a late 7.50 wave, climbing from 24th to fourth in the Challenger Series standings with one event left.

ICE Sent Two Costa Rican Children to a Texas Family Detention Center

ICE apprehended two Costa Rican children, ages 9 and 11, near New Orleans and moved them 12 hours by road to the Dilley family detention center in Texas.
Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel