Livestock: Bad Times in Nicaragua

The barriers imposed by the Honduran and Panamanian markets, coupled with the negative effect of the recent tax reform, force Nicaraguan cattle ranchers to predict a bleak future.

Thursday, March 7, 2019

Figures from the National Livestock Commission of Nicaragua (Conagan) specify that between 2017 and 2018 meat exports from Nicaragua fell by 7.9%, from $587 million to $541 million, and in the case of dairy, the fall was 8.4%, going down from $177 million to $162 million.

Among the factors affecting the Nicaraguan guild are the barriers they have to sell their products in Honduras and Panama, in addition to the fact that sales to Venezuela have practically disappeared.

See "Dairy Conflict Between Nicaragua and Honduras" and "Meat: The Conflict Between Panama and Nicaragua".

Conagan's president, René Blandón, told that sales to Venezuela disappeared and that "... meat and milk are going to Central American markets, at a lower price. We have more than 10 years of not being able to access Honduras with meat, only with live cattle, and for more than six months we have not been able to access the Panamanian market because of the tariff rules that apply to us."

You may be interested in "Regional dairy trade up to June 2018"

For Blandón, another adverse situation for businessmen is "... the effect of reforms, both of social security and fiscal, because they will have an impact on the increase of costs in industries, making them less competitive in the international market. They are strong taxes, which are not welcome in a broken economy."

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Nicaragua: Beef Exports Soar

May 2017

In the first four months of the year the volume of meat exported exceeded the figure for the same period in 2016 by 45% and generated income of $134 million.

The value exported was also higher than the one registered in the first quarter of last year, when $96 million was exported, according to Cetrex's figures.

More Added Value in Cattle

July 2012

In Nicaragua, much less livestock is being exported that a few years ago, as it is now sold for fattening or directly to exporting slaughterhouses.

In the past 5 years, exports of live cattle have fallen sharply, with 2011 closing at $20.5 million, from a peak of $41 million in 2007.

Nicaraguan Ranchers Hope to Export 25% More

July 2011

The country's livestock sector expects to have exported $500 million worth by the end of 2011, $100 million more than in 2010.

The increase would be driven by the export of meat, currently the country’s second largest export, cattle and cheese, are also among the top 20 selling products abroad.

Nicaraguan Livestock Sector Exports Increase 30%

July 2010

In the first six months of the year foreign sales of meat, dairy products and livestock from Nicaragua reached $234.5 million.

In the same period of 2009, sales totaled $182,614.

Ronald Blandón, CEO of Nicaraguan cattle farming association, CONAGAN, told that, “2010 looks like being a year of growth for our sector. The outlook for all livestock products is positive with growth of 8% forecast”.

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