Nicaragua: Optimism Over Peanut Exports

Favored by an improvement in the international price, between January and April peanut sales abroad generated $44 million, almost 50% more than in the same period in 2016.

Monday, May 29, 2017

In addition to an increase in the international price of peanuts, the value exported also grew thanks to an increase in volume, which amounted to almost 36 million kilograms in the period in question. The average price was $1.2 per kilo, while in the first quarter of 2016 it was $1 per kilo.

See also "Nicaragua: Agro Exports Up 54%"

Elnuevodiario.com.ni reports that "...In 2010 and 2016 peanut exports reached their lowest point at the beginning of the period, with $62.32 million, and the highest in 2012, when they totaled US $132 million. In 2016 exports of this product amounted to $80.75 million, according to figures from the Cetrex."

"... Nicaragua exports peanuts to 24 destinations in all regions of the world. The main customers are Mexico, the United Kingdom, El Salvador, Colombia and Russia, according to the NCB's foreign trade statistics. These destinations accounted for 76.6% of the total value of peanut exports in 2016."

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More on this topic

Nicaragua: Trade Measures Against Tobacco and Peanuts

May 2014

A bill to subsidize the production of peanuts in the U.S. and an initiative that would restrict imports of machine-made tobacco has caused concern in the private sector.

The agricultural bill and the initiative sent to consultation by the FDA in the United States includes the establishment of $10 as the price parameter for classifying cigars as premium and in the case of peanuts, raising production of grain by 30% through the application of an agricultural subsidy.

Peanut Production in Nicaragua

August 2013

During 2012 peanut sales abroad totaled $133 million, nearly four times the amount of 10 years ago.

Nicaragua produces three million pounds of peanuts per year, with the region of Chinandega controling 60% of industrialized production and 90% of the grain that is exported.

Nicaragua: Peanut Exports Keep Growing

March 2013

During 2013, Nicaragua plans to sell 600,000 more quintals of peanuts than in 2012, when 3.6 million quintals were exported, for a revenue of $132 million.

"Exports as a whole will increase (20%) in 2013, although the increase is because we are going to export greater volumes," said Joaquín Zavala, vice general manager of Comercializadora de Maní, S.A., Comasa, which contributes to almost 90% of foreign sales of the product.

Nicaragua: Peanut Harvest Grows by 15%

December 2011

A production of 3 million quintals of peanuts will be the result of the harvest that began in November and ends in early January 2012.

The 15% increase compared to the previous harvest is the result of an improvement in the performance of the planted area, as acreage has not been extended, said the producer Mauricio Zacharias.

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