Nicaraguan livestock sector seeks incentives

The Federation of Livestock Farmers of Nicaragua has requested an incentives plan from the Government in order to face the impact of the financial crisis that is affecting the sector.

Tuesday, January 27, 2009 reports: "The vice president of the Federation of Livestock Farmers of Nicaragua (Faganic), Sergio Arguello, said on Monday that the incentives could be channeled via the state Production Development Bank in order to improve opportunities for livestock export to Venezuela, where last year some 14 million dollars in livestock products were exported.

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Nicaragua: Better Conditions for Exporting Livestock

March 2016

The Livestock union has agreed with the government flexibilities in terms of deadlines, prices, and free export of descarded male and female livestock.

From a statement issued by the Federation of Livestock Associations of Nicaragua (FAGANIC):

Managua, March 14, 2016. Given the situation in the livestock sector, UPANIC and FAGANIC have made approaches to government authorities, which have had a positive result.

Cattle Farmers Negotiate Prices with Venezuela

September 2012

In order to renew a trade agreement that expires at the end of September, Nicaraguan farmers are asking for a 20% increase in the price of meat exported to Venezuela.

The price of beef exported by Nicaragua to Venezuela under the current agreement is $4,300 a tonne, a figure that farmers want raised to $5,160, a 20% increase.

Price Conflicts Between Farmers and Abattoirs

May 2012

The boom in beef exports from Nicaragua is being threatened by a price war between producers and exporters.

Slaughterhouses have declared that they are unable to pay higher prices to beef ranchers, who demanded them.

They cite two reasons: a reduction in U.S. demand, the second largest export market for beef, and the position of Venezuela of not raise the price of a ton of meat by 10% (Venezuela is the main export market).

Venezuelan Market for Nicaraguan Cattle Grows

April 2009

Nicaraguan cattle ranchers have increased their meat and milk exports to Venezuela by up to 35% of their production.

By selling at a price slightly lower than usual, Nicaraguan cattle farmers have found the palliative in the Venezuelan market for the shrinkage of their traditional markets, especially the United States. However, it is unknown how stable this new market will be.

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