In 2015 the region as a whole imported $96 million worth of processed meat, led by El Salvador, which imported $25 million, followed by Guatemala with $22 million, and Honduras, with $16 million.
Figures onForeign Trade in Sausages Meat and Similar Products in Central America,analyzed by the Business Intelligence Unit at CentralAmericaData.com show that in 2015 the countries of Central America imported 33,528 tons of processed meat, equivalent to $96 million.
The Guatemalan company Castillo Hermanos has acquired 100% of the equity interest of Sociedad Alimentos de Primera, a manufacturer of the Bonlac brand of dairy products in Panama.
Corporación Castillo Hermanos will now participate in the dairy market in Panama, through Sociedad Alimentos de Primera S.A., which until recently was owned by the Panamanian company Empresa Panameña de Alimentos S.A
Better international prices of competitors such as Colombia and Mexico explain part of the 10% drop in sales of sweets and confectionery.
An improvement in the competitiveness of their exports resulting from the devaluation of the currencies of Mexico and Colombia has affected sales of Guatemalan sweets abroad, as well as the fact that in some markets where"... the country was well positioned, the number of buyers has dropped."
The food industry is opposed to the executive decree which eliminates the exemption from payment of sales tax on some food products.
From a statement issued by the Costa Rican Chamber of Food Industry (CACIA):
The CACIA sent a note to the Finance Minister protesting against the publication in July this year, of Executive Decree 39732-H, which introduces changes to the regulations to the law on sales tax.It eliminates the definition of "canned" or "packaged" food which in the previous Decree referred to products which were canned or packaged in glass products.This change can affect exemptions applied to some products such as cheese, coffee, sausages, some seafood and corn.
It can take up to 2 years to obtain approval in the health registration process to import a food or pharmaceutical product produced abroad.
Up to $2600 must be paid for processing the health registration of a medicinal product or a foodstuff which was prepared, for the most part, in developed countries with high quality standards. As pointed out by President of Grupo Rey, Nicholas Psychoyos. "... 'I do not understand why so much paperwork [is needed] to process health registration of a product made in first world countries. I do not see what the problem is in accepting a certificate of free sale in the United States, Japan or the European community so that it can freely enter Panama without so much bureaucracy'."
Guatemala is considering requesting arbitration against Panama for the import restrictions applied to nectars from November 2015 on Guatemala and other countries in the region.
The problem, which started in November 2015 with therestriction on the entry of nectarsfor failing to comply with the rules establishing the minimum content of fruit that these drinks should contain, still remains nine months later. At the request of the Guatemalan companies that have been affected, the government is evaluating all alternatives in order to eventually go to arbitration.
A new web platform belonging to the SIECA aims to simplify and harmonize procedures for the sanitary registration of processed foods and beverages in Central America.
A statement issued by the Sieca explains that"...TheRegional Integration System for Health Records(SIRRS) is a regional automated system for the recognition of medical records to be administered by SIECA and aims to simplify, harmonize and automate procedures for sanitary registration of processed foods and beverages in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. "
Companies that export food to the South American country must include a special label to identify products containing GMOs or which are derived from them.
The regulations of the decree signed in 2015 state that the deadline is 2018 so as to incorporate gradually, the new yellow label indicating if the food product contains any ingredients that have been genetically modified (GMO).
On June 8 and 9 companies in El Salvador will be holding a business conference with Costa Rican companies in the Holiday Inn hotel in Santa Elena.
From a statement issued by the Chamber of Commerce and Industry of El Salvador (Camarasal):
The Chamber of Commerce and Industry of El Salvador (CAMARASAL) and the Foreign Trade Promotion Office of Costa Rica (PROCOMER) will be holding a business conference with Costa Rican companies in the food sector.
In May sugar prices rebounded, while meat, cereals and dairy products showed a slight increase.
From a press release issued by the FAO:
The FAO Food Price Index* (FFPI) averaged 155.8 points in May 2016, 3.2 points (2.1 percent) higher than in April, but still 7 percent below the corresponding period last year. The May increase marked the fourth consecutive month of rise in the value of the FFPI. The values of all sub-indices moved up in May except for the vegetable oils, which dropped for the first time in four months. Sugar prices surged while meat, cereals and dairy registered some increase.
» The FAO Cereal Price Index averaged 152.3 points in May, up 2.5 points (1.6 percent) from April but down 5.3 percent from May 2015. Among the major cereals, maize prices increased sharply for the second consecutive month, mainly on tight export supplies until the harvesting of new crops in the northern hemisphere later this year. Rice quotations also strengthened, especially for Indica varieties, on rising concerns about availabilities in some major trade sources and firming import demand. Dampened by ample global supplies and good production prospects, the increase in international wheat prices was more modest.
» The FAO Vegetable Oil Price Index averaged 163.3 points in May, down 3.1 points (1.8 percent) from April. The decline was mainly caused by palm oil, the price of which fell after three months of sharp gains. Weaker than anticipated import demand for palm oil, notably in China, India and the EU, combined with growing export availabilities in Malaysia have weighed on palm oil international quotations, despite negative prospects for global production.
» The FAO Dairy Price Index averaged nearly 128.0 points in May, up just 0.4 percent from April, but 24 percent below its May 2015 level. During the second-half of May, improved internal prices within the EU and sustained international import demand caused quotations for whole milk powder and butter to rise – cheese from Oceania also rose. Conversely, international quotations for skimmed milk powder remained close to the EU intervention price.
» The FAO Meat Price Index* averaged 151.8 points in May, some 3.0 points (2.0 percent) higher than in April. Prices of all categories of meat rose, particularly those of pigmeat and ovine meat, while smaller increases were registered for bovine and poultry meat. Pigmeat quotations from the EU moved up strongly, due to gains in internal prices and continued brisk import demand from Asia. In Oceania, limited supplies of bovine and ovine meat caused export quotations to rise. Meanwhile, poultry meat prices recorded a third month of moderate growth.
» The FAO Sugar Price Index averaged 240.4 points in May, up as much as 25.1 points (11.7 percent) from April. The sharp rebound in May sugar prices was driven mostly by deteriorating production prospects in India, the world’s second largest sugar producer, as well as lower output in China which raised the expectation of tighter domestic supplies and, hence, higher imports by the country. The latest data showing large export availabilities in Brazil, the world’s largest sugar producer and exporter, supported by a bumper crop (second highest on record), kept prices from rising further.
* Unlike for other commodity groups, most prices utilized in the calculation of the FAO Meat Price Index are not available when the FAO Food Price Index is computed and published; therefore, the value of the Meat Price Index for the most recent months is derived from a mixture of projected and observed prices. This can, at times, require significant revisions in the final value of the FAO Meat Price Index which could in turn influence the value of the FAO Food Price Index.
We manufacture dehydrated food products for humans. We sell our products through contract manufacturing or own labels national and internationally
Operates in El Salvador, Guatemala and Honduras
Phone: (502) 7830-7801 - (502) 7830-7802