"Expensive" Beef in Nicaragua

In Nicaragua domestic cattle producers are being paid better than those in other countries.

Monday, January 18, 2016

"... The plants are paying around US $3.22 per kilo for 'hot' beef while markets such as Brazil, the world's largest exporter, whose meat competes with Nicaragua’s, paid US $2.22 per kilo. That means that Nicaragua is paying about $220 more per head than in those markets, and 45% more per kilo of 'hot' beef relative to the leading exporter of beef in the world ", said Onel Perez, executive director of the Nicaraguan Chamber of Beef Exporting Plants (Canicarne), in an extensive interview with Elnuevodiario.com.ni.

"... Slaughterhouses slaughtered a large amount just when there was a lot of illegal export of livestock, and could only increase the price of meat by 3.41%, while the price of cattle went up by 21%. Therefore, while "industrial slaughterhouses are paying about the same price as in 2014, in 2016 they are selling on the international market at a lower price, by 7%, compared to 2014," explained the entrepreneur.

Despite this, the projection by Canicarne is that feeders and ranchers will suffer most from lower prices in the international meat market, because they were the ones who bought cattle at a more expensive price.

Added to this is unfair competition which smuggling represents, since according to Perez, traders who smuggle cattle save $160 per head, about 80 cents per kilo of 'hot' beef, just because they are avoiding paying taxes.

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More on this topic

The "War" Between Farmers and the Meat Industry

January 2017

In Nicaragua industrialists are preparing to defend against the denouncement by farmers over discrepancies between the prices paid by local abattoirs and international prices.

In the law suit filed with Pro Competition authority in October 2016, farmers argued that four slaughterhouses are distorting the local market by allegedly paying prices that are lower than international ones.

Nicaragua Continues to Export Live Cattle

February 2014

Guatemala and El Salvador continue to offer better prices to Nicaraguan producers than those offered by local slaughterhouses.  

Livestock farmers and industrialists have yet to reach an agreement on the purchase prices of cattle for slaughter, which has meant that producers prefer to export live cattle to other countries where better prices are offered, in particular, Guatemala and El Salvador.

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.

Lack of Slaughterhouses in Nicaragua

March 2011

The Nicaraguan livestock sector is beginning to feel limited by the lack of industrial processing plants.

Although the industry has had a remarkable boom, with earnings for all sectors involved and a projected growth of 10% for 2011, competition between producers, manufacturers and exporters is worsening.

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