Nicaragua to Buy Wheat from Russia

The country is negotiating with Russia the purchase of 100.000 tons of wheat to supply poultry farms.

Friday, February 25, 2011

With this initiative, the Ministry of Industry and Trade seeks to reach an agreement with the National Association of Poultry Producers (ANAP) for a reduction in the price of chicken meat.

The increase in the international prices of corn and soybean, the main raw material for breeding of chickens, has determined an increase in the price of chicken meat.

"Last October, the price per ton of yellow corn was $ 229, but by February 24, 2010, future purchase price rose to $ 272," reports La Prensa.

More on this topic

Russia Used to Donate Wheat to Nicaragua But Now is Selling It

August 2014

Under the new trading scheme Russia will stop donating wheat and will sell it to the government of Nicaragua, who will market it among importers.

The Government of Nicaragua has signed an agreement with the three importers and distributors of flour so that they will purchase, through the state-owned Empresa Nicaragüense de Importaciones (ENIMPORT), the surplus wheat from Russia.

Sharp Rise in Prices of Corn, Wheat and Soybeans

July 2012

The prices of products derived from these grains have gone up, with supply having been severely affected by the worst drought in the U.S. in the last 25 years.

An article in Nacion.com reports on the rapid changes that the international price of soybeans, corn and wheat have suffered in the last month:

Russian Wheat Rejected as Poor Quality

August 2011

Nicaraguan businessmen refused to use a hundred thousand tons of fortified wheat that was donated by the Russian Government.

The donation from the Russian government aimed to lower the cost of bread, eggs and chicken.
With respect to this, Alfredo Velez, president of the National Association of Poultry Farmers (ANAP) argued, "Neither the baking industry nor the poultry industry will use it, because instead of lowering production costs, we urge would come."

Nicaragua: Poultry Industry does not Support Chicken Import

May 2011

Buying abroad could affect the sector, which accounts for 3% of the GDP in Nicaragua.

In order to lower the cost of chicken meat in the country, the government plans to import the product for domestic consumption.

This measure, however, is not viewed favorably by the Association of Small and Medium Poultry Producers of Nicaragua (APEMEP) who believe that it could have a negative effect on its activity.

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