The main oil producer plans to increase production by 14% during 2012, which could put downward pressure on prices.
Central American palm oil producers have obtained very good yields in the last two years, boosted by higher commodity prices, which were driven by growing demand for the raw material in cosmetics, cookies and ice cream.
The figures for projected production in Indonesia were provided by the Ministry of Agriculture, which had established that the production of crude palm oil in 2011 totaled 22.5 million tons.
The Government is looking for resources to open an embassy in China during the third quarter of 2016 and to promote issues such as clean energy and sustainable tourism.
The Foreign Ministry of Costa Rica announced that is seeking funds to open an embassy and send diplomatic personnel to Jakarta, Indonesia. The Minister of Foreign Affairs, Manuel Gonzalez, confirmed to Crhoy.com that the branch could be set up in the third quarter of this year.
During 2012 Honduras exported 303,206 bags of organic coffee, making it the highest global exporter of this type of grain.
Figures from the Statistics Committee at the International Coffee Organization (ICO), reveal that the sale of these 303,206 60-kg bags, was 26,701 more bags than reported in 2011, when there were 276,505 bags.
Chile, Colombia, Peru and Mexico have defined guidelines for the participation of other countries in the economic group called the Pacific Alliance.
Bearing in mind the interest in participating in this trade group by countries like the U.S., Japan, Australia, Indonesia, Guatemala and Paraguay, at the ministerial meeting of the Alliance held in Mexico City today, guidelines were approved for the participation of different states and the quality with which they will participate.
China is losing its cheap labor advantage, opening opportunities for growth in the manufacturing sectors of countries like Nicaragua.
According to a report by Stratfor, a geopolitical intelligence firm based in Texas, "China's economic problems have opened the door to 16 different countries, including Ethiopia, Mexico, Indonesia and Peru, to become global forces in the growth of the manufacturing sector, "noted an article in Americaeconomia.com.
The country is in the list of eight nations where the most copyright violations occur.
A report by the International Intellectual Property Alliance (IIPA), a coalition of seven associations of more than 3,200 companies representing copyright industries in the United States, singles out Ukraine as the country where the most intellectual property rights are violated, and then points to Costa Rica from the group of seven countries that follow Ukraine in the intensity of these violations.
March futures on the U.S. market reached $ 30.64 per pound for raw sugar, the highest price in the last 30 years.
The combination of lowest stock levels in 20 years and the growing demand from big consumers like China, Pakistan, European Union, Indonesia and Russia, is enhanced by downward predictions about traditional crop producers.
North American entrepreneurs in the footwear sector have emphasized the advantages of the Nicaraguan industry as providers of high heel shoes for ladies.
Surpassing China, Vietnam, Cambodia, Indonesia and Bangladesh and ranking below average in cost of quality leathershoes ($ 3.30 per pair), manufacturing soles ($ 0.43) and the development of a pair women shoes ($ 8.17), Nicaragua has become highly attractive as a destination for industry manufacturers and a candidate for a strong manufacturer and exporter of women's shoes.
While the world average in palm oil production is 4 tonnes per hectare, Guatemala is producing 7 tons per hectare.
Guatemala ranks first in the world in terms of productivity per hectare, outperforming Malaysia and Indonesia. "The shortage of land for oil palm cultivation forces Guatemalans to be more efficient per hectare in order to minimize its social and environmental impact," reported Prensalibre.com.
CISA Exportadora is a green coffee exporting company based in Nicaragua owned by the Baltodano family who enjoys over 100 years of coffee tradition.
Operates in Nicaragua
Phone: (505) 2270 4414 - (505) 2270 4412
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