EU Does Not Buy Sugar From Honduras and Nicaragua

The auction to place 17,000 tons with 35 European buyers was annulled because of an inability to meet deadlines.

Tuesday, September 3, 2013

The information was confirmed by Mario Amador, general manager of the National Committee of Sugar Producers (CNPA). "... The auction in which Nicaragua and Honduras intended to sell about 17 thousand tons to 35 European buyers from 10 business houses set up in different countries, could not be completed because of non compliance with certain technical conditions ...", reported Elnuevodiario.com.ni.

The sugar sales were to be carried out under the framework of the Association Agreement between the European Union and Central America. Purchasers needed the grain to be in Europe this week, but this would take up to 20 days, said Amador.



More on this topic

42,000 Tons of Sugar Offered to EU

September 2013

Added to the 17 thousand tons that Nicaragua and Honduras can offer are 25,000 from Guatemala, which will be auctioned to buyers from the European Union.

Elnuevodiario.com.ni reports that "Nicaragua and Honduras are offering 42,000 tons of sugar in the electronic auction to be held today for the second time under the framework of the Association Agreement, or AA, between the European Union and Central America, after the first round was unsuccessful. "

Guatemala Concedes Its EU Sugar Quota

September 2013

Nicaragua and Honduras are allowed to sell 65,000 more metric tons duty-free to the European Union.

The country has given approval for both Nicaragua and Honduras to receive this benefit temporarily, until the trade agreement becomes effective for Guatemala. "The Council of Ministers of Economy and Trade for Central America (Comieco) gave authorization this weekend for each country in the region to be able to make available its quotas at will" reported Nicaraguahoy.info.

Sugar: Costa Rica Is The Dog In the Manger

August 2013

The country won't cede its sugar quota to Nicaragua and Honduras, and it opposes to Guatemala, El Salvador and Panama conceding theirs.

For Costa Rica, Guatemala and El Salvador the Association Agreement with the European Union has not yet entered into force, so they are prevented from offering their sugar in an auction where 35 buyers bid to bring it to market in the old continent.

Central America Allocates Sugar Quotas

August 2010

The region has defined the allocation of 150,000 tons of tariff-free sugar quotas granted by the EU.

The largest allocation went to Guatemala with 65,000 metric tons, followed by El Salvador with 24,391 tons, Nicaragua with 21,681 tons, Honduras and Costa Rica with 19,464 tons each.

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