Agrochemicals: Sales in Nicaragua Keep Falling

Between the first semester of 2018 and the same period of 2019, the volume sold of fertilizers and agrochemicals fell by 13%, a decrease explained by the political crisis reported since April last year.

Monday, July 8, 2019

Figures estimated by the Association of Formulators and Distributors of Agrochemicals (Anifoda), specify that this is the second year that decreases in sales are reported, because between the first half of 2017 and the same period of 2018, the volume of fertilizer sold fell by 5%, falling from 110 thousand tons to 104 thousand tons.

The losses continue, since for the first six months of the year, the guild estimates that about 90 thousand tons were sold, equivalent to a fall of 13% compared to the 104 thousand tons of fertilizer reported in the first half of 2018.

You may be interested in "Agrochemicals: Imports up to September 2018

Mario Hanon, vice president of Anifoda, explained to that "... the decrease in sales was strictly because of Nicaragua's socio-political crisis, which began on April 18, 2018."

The political crisis has coincided with the increase in taxes. In this regard Hanon specified that "... In the first semester of 2019, against the first semester of 2017 and 2018, tax reform has hit agriculture harder than Nicaragua's socio-political crisis. Tax reform is hanging agriculture more than the crisis."

According to reports from CentralAmericaData, in the first six months of 2018 the main buyer of insecticides, herbicides and fungicides in Central America was Guatemala with $86 million, followed by Costa Rica with $74 million, Nicaragua with $50 million, Honduras with $49 million, Panama with $47 million and El Salvador with $37 million.

Interested in detailed data on Central America's agriculture industry?

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