Nicaragua to Export 50% More Coffee to Venezuela

In 2011, Nicaragua hopes to export 300.000 bushels to Venezuela, 50% more than in 2010.

Thursday, March 17, 2011

Albalinisa representatives reported that Nicaragua exported coffee for the first time to Venezuela in 2009, amounting to 125.000 bushels, a figure which increased to 200.000 in 2010 and would reach 300.000 in 2011.

Fidel Ferrer, president of Cafe Venezuela, expressed interest in promoting bilateral trade as part of the process of integration with our sister nations of the Bolivarian Alternative of the Americas (ALBA)" reported Eluniversal.com.

As a result of shortfall in domestic production, Venezuela began importing coffee in 2007. It currently produces about 900.000 quintals.



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May 2012

At least 20% of Nicaragua's economic growth in recent years is the result of economic and commercial support from Venezuela.

A study by the Nicaraguan Foundation for Economic and Social Development (FUNIDES) shows that in 2010, when the economy was growing at 4.5 percent, the contribution of the relationship with Venezuela was 1.1 percentage point.

Nicaragua and Venezuela Create Binational Food Company

July 2011

The two governments have formed the company "Grannacional de Alimentos", which will channel exports from Venezuela to Nicaragua.

Initially, the organization will handle exports of foods such as jam, banana, fruit juices, milk, tuna and cocoa powder.

Juan Carlos Jimenez, president of the Venezuelan Food Corporation, explained: "We have under agreement with Nicaragua imports of beef, long life milk, and coffee, among other things, and also we have established strategies to ensure other requirements of agricultural items for our country in the coming months . "

Nicaragua: Businessmen Press for FTA with Venezuela

July 2011

Satisfied with the current export trend to Venezuela, Nicaraguan business associations want to safeguard them using a formal trade agreement.

Employers believe a treaty for trade relations, which represented $248 million to Nicaragua in 2010, is necessary for stability and independence from political aspects.

$350 million in Agricultural Exports to Venezuela

June 2011

In 2011, Nicaragua plans to export to Venezulea 23.3% of its agricultural output.

The government projects for this year total sales abroad of $2,000 million of which 75% ($ 1,500 million) relate to agricultural products.

The Nicaraguan Minister of Agriculture and Forestry, Ariel Bucardo, told local television,"The rest of the agricultural products will be placed in traditional markets like the U.S., the main buyer of Nicaraguan products, in Central America, European and Asian countries", noted a report in Elnuevodiario.com.ni

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