Last year, 2.3 million tons of bagasse were used to generate energy, and production is expected to be even higher this year.
The National Committee of Sugar Producers (CNPA) expects that the generation of energy using cane bagasse will be maintained in the medium term, since they predict good results for the production of cane. Last year, 2.3 million tons of bagasse were produced, which were used to generate energy, and this year they expect production to be even higher.
The guild foresees closing the 2017/18 cycle with a production of more than 17 million hundredweight of sugar, which would represent a 10% increase compared to the previous cycle.
If expectations by employers in the sugar guild are met, production from the 2017/18 cycle would be the best achieved yet.Favorable climate conditions and the expected expansion of sowing areas, from 105 thousand to 109 thousand manzanas, are the reasons for the guild's expectations for the cycle that begins next month.
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.
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.
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 " ... weekly production in sugar mills is 600,000 quintals (27,600 tons) of sugar. "
Productivity has been increased through a continuous production system and added to the production of sugar are alcohols, ethanol, molasses and electricity.
While India and Mexico (largest sugar producers in the world), have opted to reduce consumption areas for sugarcane cultivation due to a fall in prices, Nicaragua is to establish a new record to produce up to 15.5 million quintals in the 2012-2013 harvest which ends in the coming weeks.
Revenues from sugar exports during the first six months of 2012 totaled $145 million, almost 30% more than in the same period last year.
In terms of volume, export growth was 36.5%. In the first half of 2011 201,000 tons were exported, while in the same half of 2012 the export volume was 275,000 tons.
In an article in Elnuevodiario.com.ni Mario Amador, Executive Director of the National Committee of Sugar Producers, CNPA, said industry expectations are optimistic: "We believe this year we will export nearly eight million quintals of sugar, equivalent to $180 million, only in sugar. If we add to that molasses, honey, alcohol, it will be about $220 million. "
In a region where there should be no customs, borders continue to distort trade in goods.
Various policies, protectionist or open, in the region, continue to generate price distortions and encourage the pursuit of market equilibrium through smuggling.
This is what is happening now with sugar in Nicaragua, where l relatively low prices favour its illegal departure, in this case to Honduras.
The sugar industry expects production for the 2011-2012 harvest to be about 13 million quintals, two million quintals more than the last harvest.
Expected production is estimated to produce about $200 million is revenue said Mario Amador, Director of the National Committee of Sugar Producers, CNPA.
In 2009 sugar exports generated revenues of $50 million, and in 2010 they came to $132 million, according to the Center for Exports, CETREX.