Nicaragua: Good Prospects for Agrochemicals

It has been estimated that in 2017 the sector producing and selling agricultural chemicals will achieve a performance similar to that of 2016, having ended the year with growth of 15% in sales.

Monday, January 9, 2017

The dynamism of agricultural activity in the country is the main reason behind the good performance of the agrochemical sector. Although official figures for the close of 2016 are not yet known, entrepreneurs estimate that growth was achieved in sales of around 15%.

In the case of fertilizers, the deputy manager of the company Rappaccioli McGregor, Orontes Lacayo, estimates that growth was "... probably 10% to 12%." 

Ernesto Baltodano, president of the Nicaraguan Association of Formulators and Distributors of Agrochemicals (ANIFODA), told that   "... 'In Nicaragua, the main products sold are still herbicides, pesticides, fungicides and fertilizers. In this respect there has not been much change from one year to another. People always need the basic products, herbicides and fertilizers, which always appear on producer's data sheets'.

"... Formulators and distributors of agrochemicals are expecting a winter in 2017 'similar to 2016'.  Baltodano admitted that the price of oil is rising and that could have an impact on the price of agricultural inputs.  However, he stated that they do not expect oil prices to rise to former levels, when it exceeded US $100 per barrel."

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More on this topic

Agrochemicals: Nicaraguan Market Decreases

February 2020

Because fertilizers became more expensive due to the tax reform implemented last year, for the 2019-2020 agricultural cycle the volume demanded in the country fell by approximately 220,000 quintals.

Distributors in the country estimate that with the Tax Concentration Law approved at the end of February 2019, fertilizer prices increased up to 17% and agrochemicals between 20% and 30%.

Downturn in Agrochemicals Business

September 2018

In Nicaragua, a decrease in the amount of cultivated land and a decrease in fertilization spending have caused a fall of between 25% and 30% in the sales projected by entrepreneurs in the sector.

According to figures from the Central Bank of Nicaragua, between the first half of 2017 and the same period in 2018, imports of fertilizers and agrochemicals in the country reported a reduction of 14%, falling from $102 million to $88 million.

Nicaragua: Import of Agrochemicals Allowed

May 2015

Authorization has been given to the sale of four of the seven products whose import was banned in June 2014.

Given the lack of agrochemicals necessary to counteract the effects of El Niño on crops, the National Commission for Registration and Control of Toxic Substances has authorized the marketing of chlorpyrifos, endosulfan and two other products based on terbufos and Furadan.These four products are part of the so-called red products, meaning that they are highly toxic.

Fertilizer Market in Nicaragua

April 2012

Price increases of between 10 and 15% are estimated in a market distorted by unexpected arrivals of shipments from Venezuela.

In 2012, prices could be between 10% and 15% higher. This year was no exception to the fluctuations, with the prices at the beginning of the year being up, then down, and at the moment prices are again rising, said Orontes Lacayo, president of the Nicaraguan Association of Formulators and Agrochemical Distributors (ANIFODA).

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