Nicaragua: Sorgo vs U.S. CornHigh production costs, coupled with the progressive reduction in the tariff paid on yellow corn from the United States, are keeping sorghum producers in the country in a state of check.Tuesday, June 16, 2015
With the gradual elimination of import yellow corn from the United States, established in DR-CAFTA, a 0% tariff will be reached in 2020, a rate which currently stands at 10.1%. At the moment the cost of producing a hundredweight of sorghum is $9.28, while the price of yellow corn including tax is $11.55 per hundredweight. Source: elnuevodiario.com.ni ¿Busca soluciones de inteligencia comercial para su empresa?Imported Corn Vs. Local SorghumDecember 2020 Because yellow corn is imported from the United States at a price of $11 per quintal in Nicaragua and the cost of producing a quintal of sorghum locally is $12.5, competition for local producers is nearly impossible. More Agro-Industrial Investment in NicaraguaJuly 2017 The opening of three processing plants for beans, plantains, cassava and avocado, in León, Rivas and Nueva Guinea is expected for 2018, with an estimated investment of $8 million.
Nicaragua: Optimism in the Rice SectorMarch 2017 The union estimates that agricultural production cycle 2016-17 will be 5.5 million hundredweight, exceeding the 4.1 million hundredweight produced in the previous harvest. Panama: Zero Tariffs for Maize ImportsApril 2013 In return assurances have been given on the purchase from local producers of more than 500 million quintals of coffee.
×
ok |
|