Alba Alimentos may buy 70% of the shares belonging to Precosal who recently entered the Salvadoran rice market.
Elsalvador.com reports that the company, owned by members of the FMLN, may make a request for the award of 20% of the market, which is viewed by industrialists as breaking the rules of the game which have prevailed in the sector.
"The agreement for marketing rice, which is reviewed every year, establishes a price of $19 per quintal of wet grain, in an operation performed by the Stock Exchange of Goods and
Honduras has accused the Salvadoran agricultural industry of exporting rice purchased from the US.
The head of the Honduran state's farming council (SAG), Jacobo Regalado Weizemblut, stated on the organization's web portal that measures are already being taken to prevent the triangular trade in rice from the US via El Salvador to Honduras.
"The so-called triangular trade route was exposed by the president of the Honduran Association of Rice Growers (ACA in Spanish), Rito Salvador, who claimed that those responsible are a few Honduran companies that bring the grain from El Salvador," reports Elsalvador.com.
Port authorities decided to open the port in a month and a half, even though it lacks the necessary infrastructure.
For the moment, cargo will be loaded and unloaded using the cranes available at the ships, until high capacity cranes arrive on May 2011.
Guillermo López Suárez, president of CEPA (Ports Commision), told Elsalvador.com: “…at first cargo movement will be modest, but as we deploy more specialized equipment we will lure more customers”.
Officials are considering issuing bonds or taking loans to finance the expansion of AIES International Airport.
Guillermo López Suárez, president of CEPA, the Airports Authority, explained they need $25 million to fund the expansion, and that they must study priorities, as this transaction would increase the country's level of debt.
Vilma Calderón, president of COEXPORT, the exporters association of El Salvador, remarked: "It is totally viable for it [AIES] to increase its level of debt, it is a solvent company".
Drafting a law decree for giving La Unión's operation under concession could take more than two years.
This was stated by the Executive Autonomous Port Commission (CEPA), who considered the estimated length of the technical feasibility study by the Japanese International Cooperation Bank, which will start in October.
"The estimated time could be shortened, but it depends on the transparency of the process.
The "ASAP" start of operations of the port, announced by President Funes, will be delayed for over 18 months.
As a response to the temporary closure of Acajutla port for repairs, Funes had announced that the government was going to start operating Port La Unión.
"After some research, CEPA president Guillermo López Suárez concluded that it will take several months, a year and a half or even more, to start operations in the port", told Mauricio Funes to newspaper Elsalvador.com.
Facing closure of the Port of Acajutla for repairs, the Salvadoran government decided to start operations in La Unión Port.
President Mauricio Funes announced: "While the repair and restructuring works continue in the Port of Acajutla, it must be closed, and the cargo will be transferred to La Unión".
An article in Elsalvador.com, transcribes comments by Funes: "That is a fact...
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