Nicaragua: Nationalizing of exports criticized

Economists in Nicaragua are worried by the government's decision to sell basic grains to neighboring countries like El Salvador on a "state-to-state" basis. They say that the idea is to "nationalize" exports, a move that would affect the productive sector.

Monday, May 5, 2008

Economist and sociologist Cirilo Otero said that selling beans to El Salvador through the state-owned National Basic Food Company is a "disguised form of nationalization."
This week the Legislative Assembly of El Salvador authorized the Ministry of Agriculture to secure a six-million-dollar loan to buy beans from Nicaragua.

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Bean Exports Resumed From Nicaragua

January 2012

The barriers on the export of the grain to Costa Rica and El Salvador have disappeared, and producers expect to sell about 200,000 quintals abroad.

The export of Nicaraguan kidney beans to Costa Rica and El Salvador went back to normal last weekend after phytosanitary certificates were delivered by the authorities, announced the National Association of Bean Producers and Exporters of Nicaragua (APEN).

El Salvador Evaluates Bean and Corn Purchase

July 2010

The country's Farming Ministry (MAG) is considering whether to purchase grains outside Central America in order to avoid food scarcity.

The heavy rains have led to corn losses and put the bean harvest at risk. There is also the added risk of reduced harvests in Nicaragua, El Salvador's main bean supplier.

Nicaragua: Red Bean Market Intervened

September 2009

The government intervened the market after prices fell below production costs.

To protect farmers, the state-owned company "Alimentos Básicos", will buy at $24.36 per bean quintal and sell it at the same price to consumers.

Orlando Silva, company director, "explained that in this way, the government supports small and medium farmers, who were getting paid between $12 and $14 per quintal by intermediaries, a figure below their production costs".

Nicaragua aims to sell beans to El Salvador

May 2008

Nicaragua's government aims to become the nation's leading exporter of beans if it can seal a deal to sell 125,000 quintals (1 metric quintal = 100 kg) to El Salvador.

Yolanda Mayora de Gavidia, El Salvador's economy minister, said that her country's agriculture ministry would acquire the beans under what would be a government-to-government transaction.

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