Nicaragua: Milk Production Rescues Livestock Farming

In 2015 a 15% increase in the volume of milk exported offset the fall in international prices of meat and the recurring problem of smuggling in the sector.

Wednesday, January 6, 2016

Although meat is still the leading export sector in Nicaragua, the country's foreign exchange earnings fell by 1.6%, going from $474.8 million in 2014 to $467 million in 2015. This information was disclosed by the Nicaraguan Chamber of Beef Exporting Plants (Canicarne).

External sales of milk rose by 14.9%, thanks to the nearly $15 million worth exported in 2015. Smuggling and the falling price paid in markets such as the US, explain the slow growth of the sector.

Taking into consideration segments of live cattle, meat and milk, the publication in El Nuevo Diario notes that cattle exports generated US $736.8 million, 1.1% less than in the previous period.

"... If the meat industry had not been affected by smuggling, exports of this category would have generated more than $600 million. 200,000 cattle illegally left the country in 2015, as a result, states Canicarne, the country failed to receive about $240 million. "

¿Busca soluciones de inteligencia comercial para su empresa?

Do you need more information about your business sector?

Request more information:

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423

More on this topic

"Expensive" Beef in Nicaragua

January 2016

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

"... 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.

Nicaragua: Shortage of Meat for So Many Slaughterhouses

May 2015

The commissioning of the plant belonging to the Mexican SuKarne has once again brought to the fore the problem of smuggling of live cattle both to Costa Rica and to Honduras.

An article in reports that "... Canicarne's executive director, Onel Perez, insisted that the problem of livestock [smuggling] not only affects meat processing plants, but will also have effects on employment in newly set up processing plants, the price of meat for consumers, and livestock taken as a whole. "

Nicaragua's Livestock Potential

November 2013

The main factors are a herd of 5.8 million head of cattle, programs which give impetus to the activity, and the opportunities provided by the AA with the EU.

According to breeders and industry to date number of cattle could be higher than that amount recorded in the IV National Agricultural Census (4.2 million head).

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.