In October 2017 production limits and the "out of -quota" production concept will eliminate for the manufacture of biofuel and industrial non-food products.
The current production quota for sugar according to the European Common Agricultural Policy (CAP), which applies to the 28 countries in the bloc, is 13.5 million tons per year.The production capacity of sugar producers in the European bloc is higher than the quota, therefore eliminating production limits will lead to a lowering of prices due to excess supply, similar to what has already happened in the milk market following the elimination of production quotas.
At the end of August the volume exported in the 2015/16 harvest went up by 7% compared to the same period in the previous cycle, however there was a drop of 5% in value.
Statistics from the Center for Export Procedures (CETREX) report that since the beginning of the harvest in October 2015 to August 31 this year 2.4 million hundredweight of coffee has been sent abroad, a volume which is 2.2 million hundredweight more than the amount sold in the same period of the 2014-2015 cycle.
Falling short of the the amount achieved in 2015, $42 million worth of deals were negotiated in purchase intentions of products such as honey, fresh fruits, processed foods, seafood, vegetables and meat.
Although the goal of the union of Nicaraguan exporters was more than $48 million traded in the 2015 edition of the trade fair, they did manage to achieve $42 million in two days of activity, which was attended by 64 international buyers from the United States, Canada, Guatemala, El Salvador, Honduras, Costa Rica, Panama, Ecuador, Brazil, Spain and Puerto Rico.
Coffee year 2015/16 ended with a global production of 148 million bags and a total consumption of 151 million bags.
From a report by the International Coffee Organization (ICO):
The coffee market settled up by 5.5% in September, mostly driven by a steady increase in Robusta prices supported by concerns over future supply. This brings coffee year 2015/16 to an end, and we have revised our production estimate up to 148 million bags. With world consumption revised slightly lower to 151.3 million bags, this gives a global deficit of 3.3 million bags. This revision is part of an in-depth review of the statistical data published by the ICO, following the discussions during the 117th Session of the Council held in London in September 2016. This process is beginning immediately and results will be published as they become available.
The new site will operate in Seoul on the same premises currently occupied by the Embassy of Costa Rica in China.
From a statement issued by PROCOMER:
Seoul, Korea, October 13, 2016.With an eye to opening up new business opportunities for domestic exporters, the Foreign Trade Promotion Office of Costa Rica (PROCOMER) inaugurated on Thursday a new office in the capital city of Korea, Seoul.With this new sales representation in addition to the existing ones, there are 41 offices around the world which continue to support the efforts of Costa Rican internationalization.
A meeting has been organized, for the first months of 2017, between Israeli and Costa Rican businessmen to explore business opportunities.
From a statement issued by the Chamber of Foreign Trade of Costa Rica (Crecex):
The Chamber of Foreign Trade of Costa Rica, (CRECEX) and the Embassy of Israel have organized a meeting between Israeli and Costa Rican businessmen in order to affect an increase in trade between the two countries.
In addition to the bureaucracy delaying the project, there is now also an assessment by the shipping company that will provide the service, in order to find a way to "make it profitable."
The project which was announced with great fanfare by the Solis administration one year ago, has not only failed to advance because of the need to modify the regulations on multimodal transport services, but also because now the Odiel shipping company is looking for customers and evaluating the expected profitability of the business, according to government representatives.
The regulations in force for Central America allow two methods of certifying the weight of cargo moving through ports in the region.
The new regulations in force since July 1 oblige entities transportingcontainerized cargo by sea tocertify its weight under the International Convention for the Safety of Life at Sea (Solas). The problem cited by exporters is the increase this will have on costs, in addition to infrastructure problems faced in some ports in the region.
In the VI round agreements were reached on the chapters on Government Procurement, Employment and Dispute Resolution, and the in next round they will define the final document for technical and legal review.
From a statement issued by the Ministry of Economy and Finance in Guatemala:
Generates business opportunities by linking supply and demand of goods and services between Central America and the rest of the world.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 225 4786
ATS El Salvador is a Customs Agency with 26 years of providing services for imports, exports, transits, consultancies and international transport.
Operates in El Salvador
Phone: (503) 2235 6522 - (503) 2235 6524