Milk and meat producers have reported discrepancies between the prices paid by slaughterhouses and international market prices.
The Federation of Livestock in Nicaragua (Faganic), the National Union of Agricultural Producers in Nicaragua (UPANIC), and the Nicaraguan Chamber of the Milk Sector (CANISLAC) have reported that four slaughterhouses are distorting the local market by allegedly paying prices that are lower than international prices.
The depletion of soils in Los Santos is leading producers to Darien, where rice cultivation has increased by 35% and more than 190 thousand hectares are now dedicated to raising livestock.
At the close of the 2015-16 crop year in the province of Darien almost 5,000 hectares were planted with rice and 192,000 hectares dedicated to cattle, two activities that until recently used to be concentrated in the province of Los Santos.In the case of rice, the increase is 35% from the agricultural year 2012-2013. In Darien,"... their soil moisture, land availability and proximity to the capital city have combined to the benefit of the productive sector."
A bill originating from the executive branch proposes stimulating the purchase of equipment and agricultural materials by reducing sales tax from 15% to 3%.
The bill on Agrifood submitted to Congress proposes a series of measures to stimulate the agricultural sector, including a reduction from 15% to 3% in the sales tax on the purchase of machinery and other materials.
After five consecutive months of increases, the index of food prices fell slightly in July, reflecting a reduction in the prices of cereals and vegetable oils.
From a statement issued by the Food and Agriculture Organization:
4 August 2016, Rome –The international prices for majorfood commoditiessaw a modest decline in July, following five consecutive months of increases. The FAO Food Price Index (FPI) averaged 161.9 points in July 2016, slipping 0.8 percent (1.3 points) below its level in June and 1.4 percent below its level of July 2015.The overall decline of the Index was largely caused by drops in international quotations of grains and vegetable oils, more than offsetting firmer dairy, meat and sugar prices.
Congress has approved new rectory for the marketing of agricultural products in an effort to protect local producers from intermediaries.
From a statement issued by the National Assembly of Panama:
Bill 298 amending Law 70 of 1975, through which the Institute of Agricultural Marketing (IMA) is created and its functions are determined, passed on its third reading by the plenary of the National Assembly.
Central American exporters can take advantage of the high prices the fruit is currently trading at in the United States because supply of the fruit from Mexico has been reduced.
From a statement issued by PROCOMER:
The reduced supply of watermelons from Mexico has kept prices high for imported product going to the United States. Since Mexican supply is limited, Central American shippers have the opportunity to leverage a relatively empty market.
In December, the price index registered a decline of 1% compared to November, resulting in the largest decrease in the prices of meat, dairy and grain products being offset by increases in sugar and vegetable oils.
From the press release by the Food and Agriculture Organization of the UN:
7 January 2016, Rome - Prices of major food commodities declined for the fourth year in a row in 2015, averaging 19.1 percent below their previous-year's levels, as the dwindling global economy also triggered sharp price falls from metals to energy markets.
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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.
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.
Agro2 is committed to producing ethanol from cassava and food products for domestic consumption and export through the use of sustainable agriculture practices while serving as a model of agricultural production in the highly degraded Veraguas region of the Republic of Panama.
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