Nicaragua as Peanut Oil Exporter

Nicaragua is the third largest exporter of peanut oil in the world and its main market is the Netherlands to which it exported $19.4 million worth in 2012.

Thursday, September 19, 2013

The first and second place in terms of exports, at the global level, are occupied by Argentina and Brazil respectively. Another market to which Nicaraguan production goes to is France which received $7 million worth, followed by the U.S. with $5.4 million.

As for the production of raw peanuts, in 2011 Nicaragua ranked second after Argentina, according to the Department of Agriculture (USDA).

Nicaragua does not have a very strong competition in the region, however, between 2011-12, "Guatemala ventured into exports of groundnut oil, although its export values ​​are not substantial compared to the Nicaraguan market", reported

Exports of peanuts as a processed product are performed by a single company that is located in Chinandega and their main destination is the Netherlands, but it has also made shipments to Costa Rica.

China is one of the potential markets for oil exports, as it was the main importer for the sector in 2012 with a value of $149.9 million, and a growth rate of 94% during the past five years.

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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.

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