Nicaragua: Milk Production Rescues Livestock Farming

In 2015 a 15% increase in the volume of milk exported offset the fall in international prices of meat and the recurring problem of smuggling in the sector.

Wednesday, January 6, 2016

Although meat is still the leading export sector in Nicaragua, the country's foreign exchange earnings fell by 1.6%, going from $474.8 million in 2014 to $467 million in 2015. This information was disclosed by the Nicaraguan Chamber of Beef Exporting Plants (Canicarne).

External sales of milk rose by 14.9%, thanks to the nearly $15 million worth exported in 2015. Smuggling and the falling price paid in markets such as the US, explain the slow growth of the sector.

Taking into consideration segments of live cattle, meat and milk, the publication in El Nuevo Diario notes that cattle exports generated US $736.8 million, 1.1% less than in the previous period.

"... If the meat industry had not been affected by smuggling, exports of this category would have generated more than $600 million. 200,000 cattle illegally left the country in 2015, as a result, states Canicarne, the country failed to receive about $240 million. "

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