The Oil and Fats Industry in Nicaragua

In 2013 49 million kilos of oil and fats were sold abroad generating $78 million.

Monday, May 5, 2014

The oil industry in Nicaragua consists of the companies Agroindustrial de Oleaginosas, Agrosa, E. Chamorro Industrial, S.A., Aceitera Corona and Aceitera El Real, and the four between them currently have 13,000 and 14,000 hectares under production.

"The country has five crops that produce oleaginous plant material: palm oil, soy, sesame, peanuts and cotton, of which the one being promoted the most is palm, which is concentrated mainly in the South Atlantic Autonomous Region (RAAS by its initials in Spanish) ... there are clearly defined niche markets in Europe and the United States which together with the comparative advantages of the country make palm oil one of its star products," explained Caldera to Elnuevodiario.com.ni .

Meanwhile, Pedro Lacayo, Agrosa's CEO, said the industry exports crude palm oil to Mexico. 'One part stays in Nicaragua and most is exported. And now, since last year, there is an opening with Venezuela, which has helped increase the amount of exports'. "

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Rise in Palm Oil Price

April 2016

In the last week the price of a metric ton of palm oil went from $560 to $710, due to increased demand for the product to be used as biofuel and the fall in production in Asia.

The rise in biofuels and the fall in production of palm oil in Asia, the world's leading supplier, has benefited the price of oil derived from these plantations worldwide, rising from $560 to $710 in the last week of March.

Palm Oil Production Falls in Asia

March 2016

Drought in Southeast Asia is creating opportunities to export more palm oil to Europe, where the entry of the product is duty free because of the Association Agreement with Central America.

The fall of up to 45% in the production of palm oil in Southeast Asia (the world's leading producer) due to El Niño has opened up an opportunity for Central American countries to export the product to markets such as Europe.

Peanut Production in Nicaragua

August 2013

During 2012 peanut sales abroad totaled $133 million, nearly four times the amount of 10 years ago.

Nicaragua produces three million pounds of peanuts per year, with the region of Chinandega controling 60% of industrialized production and 90% of the grain that is exported.

Palm Growers Forge Industry Alliance

January 2010

The Cooperative of Palm Growers of Chiriquí (Coopemapachi), from Panama, forged an alliance with "Fraccionadora de Occidente", from Nicaragua.

The palm growers will sell them raw materials, and the Nicaraguan company will supply them with palm oil products to sell in Panama.

ok