If You Can't Sell Your Sugar, Let Me Sell Mine

Nicaragua and Honduras want to regionalize the EU quota, to be able to offer 53,000 tons of sugar.

Tuesday, August 20, 2013

Producers want the export quotas that the sugar growers in Costa Rica, El Salvador and Guatemala were not able to meet, as in those countries the Association Agreement is not yet in force, said Mario Amador Rivas, general manager of the National Committee of Sugar Producers (CNPA).

Elnuevodiario.com.ni reports: "... the first electronic auction scheduled for yesterday was suspended and rescheduled for next Friday, with the aim of Central America being able to place a regional quota of 62 thousand tons. "If we fail to reach a regional agreement this week we would be missing out on an opportunity," said Amador. "

"If an agreement is not reached we (Nicaragua) would export the 9000 tons that corresponds to us and Honduras their 8000 tons and that would be what would be auctioned (on Friday)," said Amador, adding that the base price of a ton of sugar was fixed at $580.

He added that while Costa Rica has rejected regionalization of the export quota, they still hope to sell their assigned amount to Guatemala and El Salvador.

More on this topic

42,000 Tons of Sugar Sold to EU

September 2013

Nicaragua, Honduras and Guatemala managed to place the product in Europe at $480 per metric ton, $120 above the price on the international market.

The auction was held under the framework of the Association Agreement between Central America and Europe. Although it was possible to place the sugar at a good price, producers had wanted to sell it for $500 per ton, said Mario Amador, general manager of the National Committee of Sugar Producers (CNPA).

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.

EU Does Not Buy Sugar From Honduras and Nicaragua

September 2013

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

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.

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.

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