Nicaragua can profit from high food prices, World Bank says
The World Bank has confirmed that Nicaragua is one of the Latin American countries that can benefit from high world food prices that will boost its farmers.
Tuesday, July 1, 2008
Willem Janssen, the World Bank's leading specialist on sustainable development in Latin America, said the government should take steps to reap the benefits of high food prices while reducing their impact on its poor citizens, especially those who live on two dollars a day or less.
The Outlook for Agriculture and Rural Development in the Americas: A perspective on Latin America and the Caribbean 2011-2012.
Low production costs make sesame production a highly profitable option for small farmers in Nicaragua.
If Central America does not add more value-through diversification and industrialization to its currently limited supply of agricultural products it will be difficult for it to capitalize on the growth of these markets.
South Korea is an increasingly attractive trade partner for countries in the region, because of increased Korean investments in Latin America, and the high purchasing power of its inhabitants.
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