22 thousand hectares are devoted to growing palm in the country, and investments of $150 million are planned for maintenance of existing plantations and new ones in the coming years.
The 22 thousand hectares of African palm currently produce 70 thousand tons of crude oil which are destined for local consumption and export. In 2016 the revenue generated from sales abroad totaled $33 million, 13% more than in 2015.
It has been announced that in the first quarter of 2017 a tender process will be launched for the construction of silos with storage capacity for 250 thousand hundredweight of rice in Panama Este and Los Santos.
Raw materials, veterinary pharmaceuticals, pesticides, seeds and live animals are exempt from the 15% sales tax.
The current document sets out eight categories of items from raw materials,supplies, equipment and machinery used to produce them. The different classifications contain 323 tariff items for tax free products.
Aceitera Real has started operating a plant generating energy from waste in order to supply themselves and sell the surplus to the national grid.
The company also opened a fractionation palm oil plant, also in Chinandega.The renewable energy generation plant has the capacity to generate 7.5 kwh, of which the company will consume 6.4 KwH, explained the CEO of the company, Horacio Rappacciolli, to Elnuevodiario.com.ni.
It has been announced that in 2017 construction will start of a free zone for agribusinesses in Siquirres, Costa Rica, with a planned investment of $200 million.
The Free Zone to be called "Free Hold Free Zone" will be located in Siquirres, said Rogelio Douglas, CEO of Caribbean Sustainable Development, an organization focused on attracting investment to the province of Limon.In a first phase the free zone will have a constructed area of 73,000 square meters, divided into commercial and office areas.
Businesspeople from Santa Catarina are seeking deals in Nicaragua with the support of a $10 billion credit line at 7% granted by the Bank of Brazil.
A trade mission by ProNicaragua intends to visit Brazil in the second half of the year to explore trade and reciprocal investment opportunities in sectors such as agribusiness, said Carlos Virmond, Secretary of International Affairs for the southern state of Santa Catarina in Brazil to Elnuevodiario.com.ni.
Canadian businessmen will be visiting Tegucigalpa on 23rd and 24th of February to explore opportunities in the food and renewable energy sectors.
The trade mission, organized by the Embassy of Canada, will be held on the premises of the Honduran Council of Private Enterprise (COHEP) and with the support of the Honduran Association of Renewable Energy Producers (AHPER) reported Latribuna.hn.
While in Nicaragua and El Salvador the minimum monthly cost of farm labor is just over $100, in Guatemala it is $345 and in Costa Rica it is over $460.
In a region where agricultural production is relatively the same in most countries, production costs are very different, resulting in very different levels of productivity that ultimately benefit some more than others.
METAGRO is a Guatemalan based manufacturer that provides high end solutions of agricultural transport equipment, we are focused on helping customers be more productive as they help to improve the quality of life for people around the world.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (502) 2383 2720 - (502) 5595 9953
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.
We are a Peruvian industry dedicated to the manufacture of industrial machines, construction, and Madedera Fisheries and Agro Industrial Sugar Refineries, Plant and Mini Coffee Plants.
Operates in Panama
Phone: (051) 7449 8543 - (051) 7420 8489