Cocoa Defies Crisis in Nicaragua

After last year's sales of grain abroad grew 19% compared to 2017, in the first eight months of 2019 Nicaraguan cocoa exports totaled $5.8 million, 48% more than in the same period of 2018.

Tuesday, September 24, 2019

Regarding the volume traded, the figures of the Exports Processing Center (Cetrex) that between January and August 2018 and the same period of 2019, the figure increased from 2,433 to 3,405 tons.

Guillermo Jacoby, president of the Association of Producers and Exporters of Nicaragua (APEN) explained to Laprensa.com.ni that "... Nicaraguan cocoa continues to flourish internationally, so much so that there are many people interested in investing in the sector."

Jacoby added that "... Nicaraguan cocoa is considered one of the best in the world, not only in Europe but also in Mexico. It is still a small industry, but we see that every day more businessmen join this initiative, is investing in fine cocoa, but also in cocoa of high productivity."

Cetrex data details that in the first eight months of the year companies in Belgium bought 64% of Nicaraguan cocoa.

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More on this topic

Nicaragua Sells Less Cocoa

January 2019

Even though in 2018 cocoa was better quoted internationally, the volume sold abroad fell 8% compared to 2017, going down from 4,238 to 3,886 tons.

In contrast to the negative variation in the volume traded, figures from the Export Processing Center (Cetrex) detail that between 2017 and 2018 the value of exports registered a 18.9% growth, increasing from $5.3 million to $6.3 million.

Nicaragua: Cocoa Production to Grow 25% in 2018

January 2018

The cacao producers union is planning to produce this year close to 1,500 tons of cocoa, 25% more than the production recorded at the close of 2017.

Last year the export value went down 4%, due to unfavorable conditions in international prices, but the export volume grew by 34%, according to data from the Association of Producers and Exporters of Nicaragua (Apen). Guillermo Jacoby, president of the Apen, explained to Elnuevodiario.com.ni: "...'We went from 4.2 million kilos to 5.5 million kilos last year'."

Regional Cocoa Forum Honduras

April 2016

Central American producers are invited to attend the Regional Cocoa Forum on August 17 and 18 in the Expocentre in San Pedro Sula.

The Cocoa Producers Association of Honduras (APROCACAHO) invites producers in Central America to exchange experiences regarding climate change, markets and obtaining good cocoa prices, reported Latribuna.hn.

More Competition in the Cocoa Market

August 2014

This year Ecuador could surpass Brazil as the largest producer of cocoa in America, with an expected increase of 9% in production, estimated at 240 thousand tons.

Like other producers of the grain, Ecuador is taking advantage of the surge in global demand for chocolate, devoting more resources to the cocoa industry in the country.

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