Nicaragua aspires to be international trade center

The Agricultural Exchange of Nicaragua is aspiring to become an International Business Center.

Tuesday, December 23, 2008

They are seeking to regionalize the trading of commodities or raw materials for agricultural purposes both at the point of origin and destination.

Enrique Zamora, president of the Agricultural Exchange of Nicaragua (Bagsa), explained that they will continue to work in 2009 and the Exchanges in each country offering will be the one doing the trading at the International Business Center, which will be headquartered at the Agricultural Exchange of Nicaragua.

More on this topic

15% Increase in Agricultural Transactions

December 2011

The Nicaraguan Agricultural Commodity Exchange (BAGSA, after its initials in Spanish) will close 2011 with $625 million traded, 15% more than in 2010.

Luis Arevalo, BAGSA General Manager, said a major achievements this year has been to include all the country’s productive sectors and to have passed the $600 million in transactions.

Nicaragua: Agricultural Exchange Traded $720 million in 2013

December 2013

Sales of rice, cattle, wheat flour, meat and coffee made through BAGSA increased by 10% compared to the previous year.

"Despite the fall in international prices and reduced exports, transactions this year will exceed $720 million, representing growth of 10% compared to 2012," said Enrique Zamora, president of the Board of Bolsa Agropecuaria de Nicaragua S.A. (Bagsa).

Nicaragua: Trading on Agricultural Exchange up 19%

May 2014

In the first quarter of the year $175 million were traded in products such as coffee, milk, cattle and rice.

Paddy rice, live cattle, beans, meat, coffee and milk products were the items that boosted agriculture stock transactions in these first months of the year, said Luis Arévalo, general manager of the Agricultural Exchange (Bagsa) to elnuevodiario.com.ni.

Nicaragua: 30% More Bolsagro Transactions

January 2013

During last year, 2012, about $450 million was traded on the Agroindustrial stock exchange, 30% more than in the year 2011.

Felipe Arguello CEO of Bolsagro said, "Sixty percent of this increase was related to an increase in prices and forty percent was due to the efforts made by various brokerage houses working with us to increase volumes in the transactions. "

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