$15 million Investment in Slaughterhouse Announced

The cattle farming union of Nicaragua is to issue shares of a corporation that will build a slaughterhouse and has customers in Taiwan, Canada and the United States.

Monday, October 1, 2012

The slaughterhouse, whose construction is valued at about $15 million, will have the capacity to process about 500 cattle per shift per day, in an area of about twenty hectares.

According to the president of the Federation of Livestock of Nicaragua (FAGANIC), Solon Guerrero, the slaughterhouse will be the fifth building in Nicaragua authorized to export meat, and will join San Martín or Nandaime, MACESA or Central, Nuevo Carnic and Novaterra .

'We've had meetings with Taiwanese Canadian and United States businessmen, and we have secured these markets (for export). And although the local industry say that there's no room for a fifth slaughterhouse, we believe that there is'”, said Guerrero to El Nuevo Diario.

More on this topic

Lack of Cattle in Slaughterhouses In Nicaragua

June 2013

Canicarne is demanding the repeal of the decree which establishes a fixed price of $250 for cattle weighing between 250 and 350 kilos, which favors the export of live cattle.

According to the Nicaraguan Chamber of Beef Exports (Canicarne), slaughterhouses are working at half capacity and demanding the repeal of the interministerial Mific-Magfor Decree 027-2007, believing that it encourages tax evasion in live cattle exports.

Price Conflicts Between Farmers and Abattoirs

May 2012

The boom in beef exports from Nicaragua is being threatened by a price war between producers and exporters.

Slaughterhouses have declared that they are unable to pay higher prices to beef ranchers, who demanded them.

They cite two reasons: a reduction in U.S. demand, the second largest export market for beef, and the position of Venezuela of not raise the price of a ton of meat by 10% (Venezuela is the main export market).

Cattle Farmers Encourage Construction of Slaughterhouse in Nicaragua

April 2011

An initial capital injection of $4 million by cattle farming associations is hoped to be enough to enable work to begin immediately.

Nicaraguan businesses are seriously considering investing in the project that will be capable of receiving 450 beef carcasses every day, to reduce pressure on existing slaughter houses.

Nicaragua to Sell 50.000 Heifers to Mexico

November 2010

Sukarne has invested $ 10 million in facilities in the country for cattle fattening and their subsequent export.

Solon Guerrero, president of the Federation of Livestock Producers of Nicaragua (Faganic), noted plans to export 20.000 animals in 2011 and 30.000 in 2012.

"The national herd is estimated at more than five million animals. Nicaragua has also begun to export beef to Russia," reported El Universal.

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