Too Many Eggs in One Basket

The growth of food exports to Venezuela has got Nicaraguan producers excited, yet they are warning against backing this market excessively.

Tuesday, May 28, 2013

"Between January and May of this year, exports by volume from Nicaragua to Venezuela have grown by 209%, generating an exporter enthusiasm which has convinced all of the productive sectors, especially now that there are plans to halve red bean production over five years in order to plant more black beans", reported Laprensa.com.ni

Moreover, plans are underway to export about 2,500 heifers and steers in the next three months toward that country. According to Alvaro Fiallos, president of the National Union of Farmers and Ranchers of Nicaragua (UNAG), the idea is that the producers, who traditionally plant red beans, will replace them with black beans, whose biggest buyer is Venezuela, over a period of five years, . "

"The only market for black beans is Venezuela and it is true, this country needs a lot of beans, but we can not sell them directly, only through Albalinisa. A quintal of beans sold there costs $100 and we are paid about $32," said Rene Navas, president of the Agricultural Cooperative Seed Producers Carazo (Caprosec RL).

According to Solon Guerrero, president of the Federation of Livestock of Nicaragua (Faganic), the industry is excited about sending animals to Venezuela and for the next three months there is an order of 2,500 animals, 2,000 heifers and 500 steers having high genetic quality.



More on this topic

Nicaragua To Export Black Beans to Venezuela

October 2013

Once the end of the 2013-2014 crop season has finished 1.2 million pounds of black beans will have been sold to Venezuela.

"A larger effort has been devoted to the production of black beans for export, due to the security afforded by the market agreement between the governments of Venezuela and Nicaragua," said the president of the National Union of Farmers and Ranchers (UNAG), Alvaro Fiallos, alluding to the Bolivarian Alliance for the Peoples of Our America (ALBA).

Venezuela Truns to Nicaragua Over Food Shortages

May 2013

The South American country has sent its own ships to carry food in short supply in this nation such as sugar, coffee, black beans, oil, meat and live cattle.

Last weekend, 1,500 tons of sugar were loaded up in the Port of Corinto, the first shipment of three which will transport 45,000 tonnes of products between May and June.

Nicaraguan Cattlemen Continue to Export Live Cattle

April 2013

They warn that if domestic prices are not adjusted and there is no guarantee to maintain the value of the local currency, they will not sell their cattle to local slaughterhouses.

Alvaro Fiallos, president of the National Union of Farmers and Ranchers (UNAG), is demanding that slaughterhouses adjust the price which has been kept frozen since late May last year at $2.97 per kilo in hot weight, and that they recognize the maintenance of the value of the cordoba.

Nicaragua: NO to Live Cattle Exports

March 2013

Entrepreneurs in the meat industry believe that the increase in exports of live cattle will affect the future of the herd.

"The industry's concern is that Guatemala has already imported 3437 tonnes of cattle, where a large amount of the animals have not met the technical criteria set out in the Ministerial Decree number 027-2007, issued in September 2007 by the Ministry of Agriculture and Forestry (Magfor) and the Ministry of Development, Industry and Trade (Mific)", reported Laprensa.com.

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