Nicaragua Sells Less Cocoa

Even though in 2018 cocoa was better quoted internationally, the volume sold abroad fell 8% compared to 2017, going down from 4,238 to 3,886 tons.

Monday, August 19, 2013

In contrast to the negative variation in the volume traded, figures from the Export Processing Center (Cetrex) detail that between 2017 and 2018 the value of exports registered a 18.9% growth, increasing from $5.3 million to $6.3 million. This increase is explained by the behavior of the grain price.

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For the Association of Producers and Exporters of Nicaragua (APEN) the fall in the volume sold abroad is a missed opportunity, because during 2018 the price of cocoa in international markets registered a 29% increase.

Elnuevodiario.com.ni reviews that "... According to the Association of Producers and Exporters of Nicaragua (APEN), cocoa exports ranked 41st in the Nicaraguan export basket."

The article adds that "... Nicaragua is currently recognized as one of the 17 countries with the best cocoa in the world. In 2015, it entered the International Cocoa Organization's (ICCO) list of countries producing fine or flavor cocoa, with a 100% approval rating."

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More on this topic

Cocoa Defies Crisis in Nicaragua

September 2019

After last year's sales of grain abroad grew 19% compared to 2017, in the first eight months of 2019 Nicaraguan cocoa exports totaled $5.8 million, 48% more than in the same period of 2018.

Regarding the volume traded, the figures of the Exports Processing Center (Cetrex) that between January and August 2018 and the same period of 2019, the figure increased from 2,433 to 3,405 tons.

Nicaragua: Cocoa Production to Grow 25% in 2018

January 2018

The cacao producers union is planning to produce this year close to 1,500 tons of cocoa, 25% more than the production recorded at the close of 2017.

Last year the export value went down 4%, due to unfavorable conditions in international prices, but the export volume grew by 34%, according to data from the Association of Producers and Exporters of Nicaragua (Apen). Guillermo Jacoby, president of the Apen, explained to Elnuevodiario.com.ni: "...'We went from 4.2 million kilos to 5.5 million kilos last year'."

Nicaragua: Good Forecast for Exports

December 2012

The export sector in 2013 estimated sales of $ 3 billion, a growth of 10 to 12% compared to 2012.

According to Azucena Castillo, general manager of the Association of Producers and Exporters of Nicaragua (APEN), growth will be driven by an increase in export volumes, since on the subject of prices, there are threats to commodities such as coffee and sugar.

Honduran Cacao Goes to Switzerland

October 2011

In 2011 the country exported a total of 40 tons of cocoa to Halba, a Swiss chocolate maker.

Exports generated $1.5 million in foreign exchange, said Anibal Ayala, president of the Honduran Association of Caco Producers (APROCACAHO).

"Ayala told reporters that Hondurans who grow the grain will gain a profit of $1.16 per kilo, as it is sold at $2.94 and its production cost is $1.78.

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