Nicaragua Seeks to Export More Sugar to Asia

Producers are negotiating the conditions of the free trade agreement with Taiwan in order to double the volume of sugar exported to the island to re-export to other Asian markets.

Tuesday, July 29, 2014

The Chamber of Industries of Nicaragua reported that representatives are exploring options with the Taiwanese government in order to increase sugar exports from 30,000 to 60,000 tonnes.

Mario Amador, vice president of the Chamber told Elnuevodiario.com.ni that "... 'Instead of exporting 30,000 tons, we want to increase the amount to 50 thousand or 60 thousand tons. We want to use Taiwan as a bridge to bring this product to all the countries in Asia.'"

"...He said prices of a quintal of sugar have increased, as it is currently trading at U.S. $18.50 per hundredweight of raw sugar; however, in Taiwan and Mainland China between $19 and $20 could be paid."



More on this topic

Nicaragua: Fall in Sugarcane Yields

July 2016

Increased acreage did not offset the effects of drought which caused a 11% drop in production in 2015/16.

In the 2015/16 season productivity fell by 16% compared to the previous harvest, going from 1,524 hundredweight per hectare in the previous harvest to 1,273 hundredweight per hectare in the current one. 

Sugar Harvest Still Growing in Nicaragua

May 2014

Projections for the 2014 harvest are that it will be 64 thousand tons more than the last one, reaching a record of 782 thousand tons.

The growth is attributed to the investments that are being made in the sector, which together amounted to $400 million in 2012-2016.

The CEO of the National Committee of Sugar Producers (CNPA) of Nicaragua, Mario Amador, said " ...

42,000 Tons of Sugar Sold to EU

September 2013

Nicaragua, Honduras and Guatemala managed to place the product in Europe at $480 per metric ton, $120 above the price on the international market.

The auction was held under the framework of the Association Agreement between Central America and Europe. Although it was possible to place the sugar at a good price, producers had wanted to sell it for $500 per ton, said Mario Amador, general manager of the National Committee of Sugar Producers (CNPA).

Costa Rica: Rejection to Sugar Prices Hike

October 2010

The Chamber of Food Industry rejected the announcement of the Agro-Industrial Sugar Cane League to increase domestic price of sugar.

A recent announcement by the Agro-Industrial Sugar Cane League with regards to intentions of increasing domestic price of sugar, prompted the Costa Rican Food Industry (CACIA) to react immediately, believing that it is wrong and inappropriate to change the local price only when international price rises, problem caused by protective tariffs granted by the Government.

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