Nicaragua To Export Black Beans to Venezuela

Once the end of the 2013-2014 crop season has finished 1.2 million pounds of black beans will have been sold to Venezuela.

Tuesday, October 22, 2013

"A larger effort has been devoted to the production of black beans for export, due to the security afforded by the market agreement between the governments of Venezuela and Nicaragua," said the president of the National Union of Farmers and Ranchers (UNAG), Alvaro Fiallos, alluding to the Bolivarian Alliance for the Peoples of Our America (ALBA).

Fiallos says that the sale of this product will not affect domestic consumption as locally red beans are consumed.

Exports from Nicaragua to Venezuela account for 15.8% of the market, after the U.S. with 27.7%.

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