Growth for Nicaragua's livestock sector forecasted

The livestock sector projected that it will close 2008 with $280 million in exports.

Thursday, August 28, 2008

Representatives from the National Livestock Commission of Nicaragua (Conagan) and from the Federation of Livestock Associations of Nicaragua (Faganic) had a meeting yesterday with the head of the Ministry of Agriculture and Forestry (Magfor), Ariel Bucardo, to whom they expressed the "urgent need" for the Government to fulfill several demands presented by the farmers.
The demands include the quick start of operation of the Production Development Bank (Produzcamos), approved last year by the National Assembly.



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Livestock Sector in Nicaragua: 2013 Balance

December 2013

The increase in exports of live cattle was not enough to compensate for the freezing of meat prices and lower demand from the international market.

The increase in exports of live cattle, on which $20 million to $40 million was spent for 2013 "was not enough to offset the price freeze on meat and the reduction in volume demanded by the foreign market," noted an article in Laprensa.com.ni.

Nicaragua: Ranchers Want to Sell to Regional Slaughterhouses

November 2013

They have not managed to reach an agreement with local slaughterhouses on the upward adjustment of sales prices of livestock.

They have asked the Nicaraguan government for approval to sell three thousand head of cattle to slaughterhouses in the region where better prices are paid.

Nicaraguan Livestock Projected to Grow by 8%

February 2012

Farmers are optimistic and estimate that in 2012, growth in the sector, which is Nicaragua’s main export, will be at least 8%.

The reasons for this optimism are the high international prices of meat and the decision by the United States and Argentina to dedicate land that was used for livestock to plant grain instead.

Nicaragua: Farmers Complain About Credit Crunch

July 2011

They claim they need more resources in order to sustain the current pace of industry growth and exports.

In the first half of the year livestock exports totaled $290 million, and it is estimated that the figure at the end of the year will be $576 million.

However, to achieve this goal, they need to maintain the current level of productivity, for which they require financing from the banks, which has reduced lending to the sector this year.

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