Currently production is less than 500 tonnes per year, equivalent to 0.09% of what was imported globally last year (518,818 tonnes). According to Luz Marina Arana, coordinator of marketing research of the Center for Export and Investment (CEI), although Nicaraguan honey has entered duty free since 2004, with the entry into force of the trade agreement, "the new rules will stabilize trade and expand the possibility of new markets. "
There are currently 22,600 hives across the country, a figure that could reach 300,000 with additional profits of $20 million.
At present, there are about 22,600 hives across Nicaragua, according to data from the Ministry of Agriculture and Forestry (Magfor) - the Nicaraguan National Beekeeping Commission estimates there are just over 30,000 - but older studies claim that there is potential to have 300,000 hives, reports Laprensa.com.ni.
The supply of Nicaraguan products, particularly food, cannot keep up with demand from the Taiwanese market.
While exports have increased 172%, from $5.4 million in the first six months of 2009 to $14.7 million in the same period of 2010, Anita Huang, economic council to the Taiwanese Embassy in Nicaragua has indicated that the south east asian country's market can cope with more.
As part of the Agritrade Platform, Guatemala will participate for the 27th time in PMA Fresh Summit, the most important international trade show and convention of fruits and vegetables in the United States, which will take place at Anaheim Convention Center, California from October 17th to 19th.