Agrochemicals: Sales in Nicaragua Keep FallingBetween 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. Source: elnuevodiario.com.ni Interested in detailed data on Central America's agriculture industry?Contact us: Need assistance? Contact us
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Agrochemicals: Nicaraguan Market DecreasesFebruary 2020 Because fertilizers became more expensive due to the tax reform implemented last year, for the 2019-2020 agricultural cycle the volume demanded in the country fell by approximately 220,000 quintals. Downturn in Agrochemicals BusinessSeptember 2018 In Nicaragua, a decrease in the amount of cultivated land and a decrease in fertilization spending have caused a fall of between 25% and 30% in the sales projected by entrepreneurs in the sector. Crisis Affects Agricultural LogisticsMay 2018 Although businessmen in the sector claim to have enough supplies to meet demand in the agricultural cycle, the crisis in Nicaragua is causing problems in the transportation of goods. Nicaragua: Good Prospects for AgrochemicalsJanuary 2017 It has been estimated that in 2017 the sector producing and selling agricultural chemicals will achieve a performance similar to that of 2016, having ended the year with growth of 15% in sales.
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