The legislation that intends to simplify and expedite all the procedures of the public sector has passed to the National Assembly for its approval.
The initiative, which is based on the experience of the implementation of the ‘Ventanilla Única de Inversiones,’ already was approved by the Commission on Production, Economy and Budget, and mainly seeks to diminish the time and the costs designated for public processes.
Farmers estimate a drop for this coffee cycle of between 30% and 50% depending on the zones.
Elnuevodiario.com.ni reports: "Problems with the ripening of the coffee due to lack of rain have caused a big reduction in the harvest of the grain, which will result in a decrease of between 80 to 100 million dollars, farmers confirmed. Last years harvesting totaled 2 million quintals."
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XAGRO S.A. Announced that they have signed a purchase agreement with Jam LLC to buy 5,000 MT of red beans from China that will be sold to importers throughout Central America to help ease market pressure and lower the high prices caused by recent shortages.