Nicaragua's sugar sector has enough production capacity to satisfy demand of the Taiwanese market but technical barriers prevent it from obtaining export certificates.
"Mario Amador, executive director of Nicaragua's Association of Sugar Producers (CNPA), said that the changes are related to the way sugar enters the Taiwanese market and negotiations have begun with the trade office of the Taiwan Embassy in Nicaragua," reports Laprensa.com.ni.
Over 160 thousand tons have been sold, but at lower prices than in the previous harvest.
During the 2012-13 harvest, the sugar industry exported 400 thousand tons of grain, 160 thousand tons more than in the previous one. However, the value of sales did not behave the same as the volume exported, because revenues were between $210 million and $220 million, similar to the amount in the last harvest.
The Nicaraguan sugar industry expects that the entry into force of the Association Agreement will allow it export to the EU about 25 thousand tons of raw sugar, from the 60,000 quota for the entire region.
For the moment the quota allocated to country is 21,600 tons per year, with the possibility of growing 550 tons per year, but the sugar industry expects that with the advantage of being one of the first countries to ratify the agreement it will be allowed to increase its quota for the first year of the Association Agreement (AA).
Sugar producers in Honduras are ready to export 20,000 tons to Mexico, once the Free Trade agreement has been ratified.
An article in Latribuna.hn reports on an announcement made "by the executive director of the Association of Sugar Producers of Honduras (APAH), Carlos Melara, after mentioning that the FTA will take effect before the end of this year.
Receive more news about International Commerce
Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.
Maranco Belize offer fast reliable service, modern equipment, competitive rates, 70 year experience worldwide whether your needs are for farming, industrial, private house lots, community projects. We have drilled successful water wells producing fresh...