Nicaragua aims to sell beans to El Salvador
Nicaragua's government aims to become the nation's leading exporter of beans if it can seal a deal to sell 125,000 quintals (1 metric quintal = 100 kg) to El Salvador.
Thursday, May 8, 2008
Yolanda Mayora de Gavidia, El Salvador's economy minister, said that her country's agriculture ministry would acquire the beans under what would be a government-to-government transaction.
Economists in Nicaragua are worried by the government's decision to sell basic grains to neighboring countries like El Salvador on a "state-to-state" basis. They say that the idea is to "nationalize" exports, a move that would affect the productive sector.
The barriers on the export of the grain to Costa Rica and El Salvador have disappeared, and producers expect to sell about 200,000 quintals abroad.
In light of important losses caused by tropical storm Ida, the country plans to double bean imports in 2010.
The country's Farming Ministry (MAG) is considering whether to purchase grains outside Central America in order to avoid food scarcity.
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