Nicaragua Increases Sugar Exports

Sugar sales were $55.6 million in February 2012, $34 million more than in February last year, meanwhile producers claim that there is a large interest in purchases by Russian factories.

Tuesday, March 13, 2012

Sugar exports increased by 20% at the beginning of the year, said Mario Amador, Executive Director of the National Committee of Sugar Producers, CNPA.

According to data provided by the Center for Exports (Cetrex), up to February 2011, sales of the sweetener had generated income for the country by the order of U.S. $21.5 million versus the $55.6 million generated in the same period in 2012 .

"We are very excited about the production and export of sugar, because this year we have had growth in production and foreign exchange earnings by about 25%," said Mario Amador to

Amador said he had been in contact with Russian companies, which could be making major purchases. "Undoubtedly, Russia (in the past), has been a very important market for us and (now) we have had meetings with Russian importers and factories who require sugar, also with executives from Russian candy and chocolate factories," he said.

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Expected production is estimated to produce about $200 million is revenue said Mario Amador, Director of the National Committee of Sugar Producers, CNPA.

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