$100 million Investment in Sugar Mills

Nicaraguan investors are carrying out the water, soil and feasibility studies for building sugar mills in Tisma and San Francisco Libre.  

Tuesday, October 15, 2013

This was announced by the president of the Union of Agricultural Producers of Nicaragua (UPANIC) Michael Healy Lacayo, who added that the names of the investors have not yet been revealed, but is known that they will also invest in 40,000 hectares of land to be used for growing cane through an irrigation system.

Elnuevodiario.com.ni reports: " ... four mills operate in the country, which in the sugar harvest of 2012-2013, achieved a production of 15,680,411 quintals with an area of ​​96,317 planted hectares, according to official figures from the National Committee of Sugar Producers (CNPA) " .

This activity generates tax income over $816,000, and generates more than 60 MW for the national grid during the harvest and is responsible for 10% of movements at the port of Corinto.



More on this topic

Sugar Producers Create Giant Seller

March 2014

Cargill and Copersucar are to create a new company to jointly market sugar globally.

From a press release issued by Cargill:

"Copersucar and Cargill announced an agreement to combine their global sugar trading activities into a new company which will have as its goal the generation, marketing and operation of crude and white sugar.

El Salvador Opens Market to Nicaraguan Pork

March 2014

Nicaragua pork producers obtained permissions to perform the first export of meat to El Salvador.

After several years of trying to enter the international market, the Nicaraguan slaughterhouse Cacique has signed its first sale contract in El Salvador.

The contract initially involves sending a monthly container, but in the short-term this could double and be increase further still if other slaughterhouses are interested in selling their products in El Salvador.

$4 million Investment in Tobacco Company in Nicaragua

January 2014

The company Drew Estate, which produces 95 thousand cigars a day, has expanded its plant in Estelí.

The tobacco plant Drew Estate, which produces 25 million cigars a year, has invested $4 million in a new warehouse for storing tobacco imported from different tobacco producing countries.

Nicaragua Adds Value to its Agriculture

October 2013

Foreign sales of processed foods have grown 30% in the past five years and currently represent 15% of all exports.

According to Sofana Lopez, an International Markets Information analyst at the Center for Exports and Investment (CEI), coffee and beef products are the leading exports of food in general.