In the first nine months of 2020, Central American countries allocated $327 million to import bakery, pastry and biscuit products, and purchases from companies in Peru grew 4% compared to the same period in 2019.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]
In the first nine months of 2019, Central American countries spent $352 million on imports of bakery, pastry and cookie products, and purchases from companies in the U.S. grew 4% over the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
In the first quarter of the year, Honduras imported $24 million worth of baked goods, confectionery and biscuit products, and purchases made from companies in El Salvador grew by 11% compared to the same period in 2017.
Figures from the information system on the Market for Baked Goods, Pastry and Biscuit Products in Honduras, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
Between December 2013 and the same month in 2016, the average price of a kilo of imported wheat and meslin fell from $0.39 to $0.24.
Figures from the information system on the Wheat and Meslin Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
The lack of resistant starch in the Australian diet represents a great opportunity for this product.
From an article by the Costa Rican Foreign Trade Promotion Office (PROCOMER):
Worldwide banana production has increased in recent decades due to, among other reasons, increased demand and improved productivity and distribution. In addition there have also been developments in goods derived from banana production such as banana flour.
A recent update of a Sieca regulation is causing confusion because of the inclusion of potassium bromate as a permitted additive.
This topic has been discussed by delegates from the Central American Ministries of Economy, Trade and Health, who have participated in review meetings of the Central American Regulations of the Member States of the Secretariat of Central American Economic Integration (SIEC).
The price of flour distributed by Molinos de Costa Rica SA increased between 8% and 10%.
The increase in the value of flour directly affects the prices of bread, cookies and pastries.
"The price of bread has been liberalized and many of the bakeries are using the situation of the rising flour to apply additional adjustments due to increases in electricity, salaries and other costs.
Small and medium sized businesses, which operate in the dairy, cold meats, and flours sectors, can now access technical standardization in order to increase their level of competitiveness.
Via the Nor+ program, which has the technical and financial support of the Inter-American Development Bank that administrates the resources of the Mutlilateral Investment Fund (IDB/FOMIN), companies can finance up to 60% of the costs of hiring specialist to head the process of applying a technical standard.
Even with the high raw material prices hitting Central America, the Gruma Group continues to consolidate its presence and expects to invest some $20 million in 2009.
Roberto Gonzalez, director general of Gruma Central America, confirmed that the Group has huge expectations for growth.
What were Gruma Group's earnings last year?
Gruma Central America has operations in the region from Guatemala up to Costa Rica and also has plants and exports to other countries in the Caribbean and Panama. 2007 was an excellent year for business, growth was at 55%.