El Salvador Evaluates Bean and Corn Purchase

The country's Farming Ministry (MAG) is considering whether to purchase grains outside Central America in order to avoid food scarcity.

Friday, July 30, 2010

The heavy rains have led to corn losses and put the bean harvest at risk. There is also the added risk of reduced harvests in Nicaragua, El Salvador's main bean supplier.

This has forced the MAG to consider changing its food sourcing strategy in order to to guarantee food security, including the delivery of seeds to low risk zones, reports Elsalvador.com.

Hugo Flores, vice-minister for Agriculture, indicated that in the coming days meetings will be held with importers of basic grains with the aim of negotiating their purchase.



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El Salvador to Purchase Beans from Mexico and Colombia

September 2010

To avoid bean shortages, the country will import around 200,000 sacks from Mexico and Colombia.

Hugo Flores, vice-minister for Agriculture, commented that the purchase of the beans is being carried out as a preventative measure to ensure stocks are sufficient to cope with the possibility of crop failures due to torrential rains.

El Salvador to Import 25 Thousand Bean Quintals

October 2010

Without defining the country which will be purchased from, the Ministry of Agriculture announced the transaction in order to alleviate the shortage of grain.

Deputy Minister of Agriculture, Hugo Flores, stated that Mexico, United States and even Nicaragua, as potential seller countries.

El Salvador to Receive 90,000 Hundredweight of Chinese Beans

April 2011

The country has already seen 180,000 hundredweight of beans arrive on its shores this year, 40% more than in the same period in 2010, which has stabilized prices.

On April 20, 75% of the 90,000 hundred weight bean shipment will arrive, which have been purchased from China, according to Guillermo López Suárez, head of El Salvador's Agriculture and Farming Ministry (MAG in Spanish).

Salvadoran Governments Asks Companies to Import Beans

September 2010

Facing a potential shortage of beans, the government will ask companies to import the product directly.

The Ministry of Agriculture and Farming (MAG for its acronyms in Spanish) doesn't have enough resources to import beans itself.

This shortage of shortage has been driving up the cost of the grain: "Silk Beans oscillate between $85 and $90 per quintal. A pound is paid $1,00 in the domestic market and it could reach $1.23."

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