Cattle Farmers Negotiate Prices with Venezuela

In order to renew a trade agreement that expires at the end of September, Nicaraguan farmers are asking for a 20% increase in the price of meat exported to Venezuela.

Friday, September 21, 2012

The price of beef exported by Nicaragua to Venezuela under the current agreement is $4,300 a tonne, a figure that farmers want raised to $5,160, a 20% increase.

Solon Guerrero, President of the Federation of Livestock of Nicaragua, FAGANIC, conditioned the signing of a new agreement on the price adjustment.

According to an article in Elnuevodiario.com.ni “Venezuela also buys meat from countries such as Uruguay, Argentina and Brazil, markets that pay between $ 5,500 and $ 5,800 per metric ton of meat. In addition, Venezuela is the second largest market for exports from Nicaragua, and until yesterday had bought products worth $294.9 million, including $135.7 million in beef and $9.4 million in live cattle, according to the Center for Exports, Cetrex . "



More on this topic

Lack of Cattle in Slaughterhouses In Nicaragua

June 2013

Canicarne is demanding the repeal of the decree which establishes a fixed price of $250 for cattle weighing between 250 and 350 kilos, which favors the export of live cattle.

According to the Nicaraguan Chamber of Beef Exports (Canicarne), slaughterhouses are working at half capacity and demanding the repeal of the interministerial Mific-Magfor Decree 027-2007, believing that it encourages tax evasion in live cattle exports.

Nicaraguan Cattlemen Continue to Export Live Cattle

April 2013

They warn that if domestic prices are not adjusted and there is no guarantee to maintain the value of the local currency, they will not sell their cattle to local slaughterhouses.

Alvaro Fiallos, president of the National Union of Farmers and Ranchers (UNAG), is demanding that slaughterhouses adjust the price which has been kept frozen since late May last year at $2.97 per kilo in hot weight, and that they recognize the maintenance of the value of the cordoba.

Nicaragua: NO to Live Cattle Exports

March 2013

Entrepreneurs in the meat industry believe that the increase in exports of live cattle will affect the future of the herd.

"The industry's concern is that Guatemala has already imported 3437 tonnes of cattle, where a large amount of the animals have not met the technical criteria set out in the Ministerial Decree number 027-2007, issued in September 2007 by the Ministry of Agriculture and Forestry (Magfor) and the Ministry of Development, Industry and Trade (Mific)", reported Laprensa.com.

Ranchers Want the Dollar as Currency

October 2012

The Nicaraguan Livestock Federation wants the price of cattle sold to slaughterhouses to be set in dollars.

According to an article in Laprensa.com.ni, farmers have requested slaughterhouses to "dollarize the purchase price of livestock or recognize the slide in the value of the currency (five percent annually), as it triggers losses of $8 to $ 10 per cow.

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