Nicaragua aspires to be international trade center

The Agricultural Exchange of Nicaragua is aspiring to become an International Business Center.

Tuesday, December 23, 2008

They are seeking to regionalize the trading of commodities or raw materials for agricultural purposes both at the point of origin and destination.

Enrique Zamora, president of the Agricultural Exchange of Nicaragua (Bagsa), explained that they will continue to work in 2009 and the Exchanges in each country offering will be the one doing the trading at the International Business Center, which will be headquartered at the Agricultural Exchange of Nicaragua.

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Nicaragua: Trading on Agricultural Exchange up 19%

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In the first quarter of the year $175 million were traded in products such as coffee, milk, cattle and rice.

Paddy rice, live cattle, beans, meat, coffee and milk products were the items that boosted agriculture stock transactions in these first months of the year, said Luis Arévalo, general manager of the Agricultural Exchange (Bagsa) to elnuevodiario.com.ni.

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Sales of rice, cattle, wheat flour, meat and coffee made through BAGSA increased by 10% compared to the previous year.

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During last year, 2012, about $450 million was traded on the Agroindustrial stock exchange, 30% more than in the year 2011.

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The Nicaraguan Agricultural Commodity Exchange (BAGSA, after its initials in Spanish) will close 2011 with $625 million traded, 15% more than in 2010.

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