Banana Production Increases in PriceWith the entry into force of the tax reform, banana production costs in Nicaragua have increased between 30% and 35%, because of the rise in the price of agrochemicals.Monday, August 19, 2019
According to the producers, before the Tax Concentration Law approved at the end of February of this year was reformed, agricultural inputs were exempt from 15% of the Value Added Tax. However, with the changes, costs have increased considerably. 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. Low Prices and Taxes Make Sugar Industry DifficultSeptember 2019 The outlook for sugar producers in Nicaragua is complex, since they must face a fall in international prices, coupled with rising operating costs at the local level. Changes in the Agricultural BusinessFebruary 2019 Because of the decline in the international price of sugar in recent years, agricultural businessmen in Guatemala have decided to migrate to more profitable crops, such as bananas and African palm. Plantain in Vitro Produced in NicaraguaApril 2013 The in vitro plants produce almost twice the amounts of fruit per head, being ready to harvest two months earlier than regular plants.
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