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.
The OPEP Fund approved aid to various projects in twelve countries, including Honduras.
The funds will be designated to projects to rehabilitate rural highways.
El Heraldo publishes in its web portal: "The other countries that will receive funding are Bosnia-Herzegovina, Egypt, Ethiopia, Gambia, Mali, Mozambique, Nepal, Pakistan, Rwanda, and Senegal. The funding measures were adopted in the 127th session of the Governors Board at the OFID, which was held yesterday in Vienna, Austria."
The United States has levied a five per cent tariff on imports of socks from Honduras. Although the levy is lower than local producers feared it would be, it is still surprising, given the presence of a free trade agreement between the two countries.
"The import tax that will apply to the importation of socks will be five per cent from July to December and will disappear in January 2009," the president of the Association of Maquiladoras of Honduras, Jesús Canahuati, told reporters.
Work is being done on a regional campaign to minimize the risk of the disease known as 'Mal de Panama' from reaching the region from Asia, where it has recently spread.
The plan to identify the presence of disease and improve health controls at borders, which is being prepared by Colombia, along with Peru, Ecuador and Bolivia, will also be presented in Central America.
Ibex Global Solutions has announced an investment of $4 million in a customer service, collections and back office center, to service its operations in Latin America.
Its geographical proximity to the United States was one of the reasons why the company Ibex Global Solutions decided to set up its regional headquarters in Managua. With an investment of $4 million, the company has opened its service center, where 500 agents will work providing services in English and Spanish and 250 in Spanish only.
Behind a veneer of luxury websites of supposed online universities, lucrative networks sell certifications that contain endorsements from even the US State Department.
An article published by The New York Times reports on investigations carried out on the subject, apparently leading to a Pakistan-based organization which is dedicated to running a multi-million dollar business offering tailor made university diplomas, as well as renewal of knowledge and experience - real or not, by enrolling its customers in fictitious courses.
60% of the milk consumed in China is ultra pasteurized (UHT) or long-life milk.
From a press release issued by the Costa Rican Foreign Trade Promotion Office:
Demand from the Chinese market, like the other major dairy markets in the Asia Pacific, including Australia, India and Pakistan, has exploded in recent years; over 60% of milk consumed in China is ultra pasteurized (UHT).