The Morales administration has asked Congress to approve an additional $40 million to buy food to supply the inhabitants of the drought-affected areas.
The Ministry of Agriculture, Livestock and Food (MAGA) put before the deputies a request to approve an additional item of Q300 million ($40 million) to buy food for the approximately 300,000 families that have lost their crops in the Dry Corridor that includes the departments of Santa Rosa, Jutiapa, Jalapa, El Progreso, Zacapa, Chiquimula and part of Izabal and Baja Verapaz.
Explained by an increase in purchases made from companies in Brazil, during the first quarter of the year Panama imported $19 million worth of rice, 207% more than in the same period in 2017.
Figures from the Information System on the Rice Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
In the context of the difficult situation that Nicaragua is facing, the Ortega administration has announced its projections for agroindustrial production, consumption and trade for the period 2018 -2019.
From a statement issued by the Central Bank of Nicaragua:
August 15, 2018.Authorities at the National System of Production, Consumption and Trade (SNPCC) of the Government of Nicaragua presented to the Central Bank of Nicaragua (BCN), the Production, Consumption and Trade Plan corresponding to the 2018-2019 cycle.
Between the 2016-2017 and 2017-2018 agricultural cycles, the amount of land planted with rice in Panama grew by 2%, but the volume harvested decreased by 2%.
According to figures from the Office of the Comptroller General of the Republic, during the last two agricultural years the area sown for rice production increased from 91,270 hectares in the 2016-2017 cycle to 93,270 hectares in the 2017-2018 season.
In the first three months of the year, rice imports into Central America totaled $64 million, registering an increase of 29% over the same period in 2017.
Figures from the Information System on the Rice Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
The FAO food price index registered an interannual decrease of close to 1%, due to weakening in most markets, as a result of tensions in international trade relations.
From the monthly FAO report:
The FAO Food Price Index* (FFPI) averaged 173.7 points in June 2018, down 2.4 points (1.3 percent) from its level in May, representing the first month-on month decline since the beginning of this year.
In order to guarantee the supply of basic grains in the country, the Salvadoran government has signed an agreement to import 35,000 tons of white corn.
Due to the lack of rain that has affected crops in areas of the east of the country, the government signed an executive agreement between the ministries of Agriculture, Economy and Finance, to import basic grain.
The FAO food price index grew 1.9% year-on-year, due to the increase in prices of dairy products and cereals.
From the monthly report on the FAO food price index:
The FAO Food Price Index* (FFPI) averaged 176.2 points in May 2018, up 2.2 points (1.2 percent) from April level and hitting its highest level since October 2017. The increase in May reflected a continued steep rise in dairy price quotations, while those of cereals also rose, albeit at a slower pace. By contrast, vegetable oil and sugar markets remained under downward pressure whereas meat values changed little.
In 2017, countries in the region imported $265 million worth of rice, of which 45% was purchased by companies in Costa Rica and Honduras.
Figures from the Information System on the Rice Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
Between February 2013 and December 2017, the average price of a kilo of corn imported into Guatemala has been on a downward path, falling from $0.43 to $0.19.
Figures from the information system on the the Corn Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
Through an agreement with the union of soy and corn producers in Mato Grosso, promotion will be given to the the transfer of grains from the north of Brazil to markets in Asia.
The Canal Authority reported that "...The agreement allows the coordination of joint marketing activities, exchange of market studies and information on commercial flows, as well as modernization and improvement programs."
In February, the FAO food price index fell by almost 3% in year-on-year terms, due to a drop in prices of sugar and vegetable oils.
From the monthly report on the FAO food price index:
The FAO food price indexstood in February 2018 at an average of 170.8 points, that is to say, 1.1% (or 1.8 points) more than in January, although it is still 2.7% less than its value in the same period last year. Higher international prices for dairy products and cereals contributed to the inter-monthly rise in the value of the index, while prices for sugar and vegetable oils declined and meat prices remained stable.
The Ministry of Defense in Guatemala is putting out to tender for the period of eight months, a supply of ingredients for food preparation for the Fifth Infantry Brigade.
Guatemala Government Purchase 7377444:
"Some quantities of food required:
- 50 thousand pounds of different types of white meat
From January to September 2017 the region imported $543 million worth of corn, and 54% was purchased by companies in Guatemala and Costa Rica.
Figures from the information system on the the Corn Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
The FAO food price index closed the year with an increase of 8% compared to 2016, the highest annual average since 2014, although it is still 24% below the maximum levels reached in 2011.
From the monthly report on the FAO food price index:
The FAO Food Price Index* (FFPI) averaged 169.8 points in December 2017, down 5.8 points (3.3 percent) from November with the steepest declines registered in the prices of dairy, vegetable oils and sugar while those of cereals and meat also fell but only slightly. For the whole of 2017, the FFPI averaged 174.6 points, up 8.2 percent from 2016 and representing the highest annual average since 2014 although still 24 percent below the 2011 high of almost 230 points. While sugar values plummeted in 2017, dairy and meat prices registered sharp year-on-year increases and those of cereals and oils rose too, albeit more modestly.
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