Bolivia: Farmers in bankruptcy

An evaluation of the Bolivian Institute of Foreign Trade (IBCE) argues that hundreds of farmers went bankrupt due to the inability to confront the production of neighboring countries, as Brazil and Argentina, which have devalued their currencies around 40 percent , they have achieved improved competitiveness for their production.

The President (IBCE), Antonio Rocha said to smuggling and distortion of prices no way to counter falling prices. He also cited the rice sector would be virtually bankrupt, with nearly 400 rice mills in northern Santa Cruz integrated await recovery and maintain price cereal husks to prevent leakage.

It also proposed to the Government Rocha protect the internal market and contribute to the recovery of the production of minor crops. He also said that smuggling continues to plague the borders, since the import mechanism minimum amount does not have a strict control of the customs authority.


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