Nicaragua pork producers obtained permissions to perform the first export of meat to El Salvador.
After several years of trying to enter the international market, the Nicaraguan slaughterhouse Cacique has signed its first sale contract in El Salvador.
The contract initially involves sending a monthly container, but in the short-term this could double and be increase further still if other slaughterhouses are interested in selling their products in El Salvador.
Restrictions faced by Venezuelan businessmen in obtaining dollars are causing delays in paying imports from the Colon Free Zone.
"I will travel to Venezuela on Monday," said Ricardo Martinelli, who said he hopes to have "a direct frank and sincere conversation, with President (Nicolas) Maduro". The president will travel with several Panamanian businessmen to the country to find a way to facilitate the prompt payment of debst to the businesses in the CFZ.
In the next two years, the RMB or Chinese yuan could become one of the major currencies used in global trade.
This was said in London by Douglas Flint, chairman of HSBC Holdings SA, adding that "the renminbi (RMB) will be a growing part of normal business in the everyday life for anyone who trades or invests in China."
"All international business with an eye on China should consider the potential benefits of using the RMB and the investment opportunities in RMB that have been created around the world with the support of the burgeoning overseas markets, particularly in foreign bonds markets," he said.
In seven months of harvest, sales revenues of Salvadoran coffee fell by 30.9% compared to the same period of the previous cycle.
In total $149.37 million was received in the seven months of the current harvest. "The volume of exports between October 2012 and April this year was 875,011 quintals, also with a fall of 4.3%, explained the Salvadoran Coffee Council in a report," noted an article in Elmundo.com.sv.
During the first half of the 2012-13 cycle, Honduran coffee exports generated $420 million in foreign exchange.
According to Victor Hugo Molina, manager of the Honduran Coffee Institute (Ihcafé), the volume of exports achieved was 2.9 million quintals, which represents 50% of what it expects to sell during 2013.
"The foreign exchange earned makes the coffee the country's main export," said Molina.
Guatemala received $10.46 billion in foreign exchange through exports in 2011, 23.6% more than last year.
Guatemala exports totaled $10.463 billion, some $2 billion more than in 2010, reported the Bank of Guatemala.
"According to statistics released on its website by the Bank of Guatemala (central), foreign exchange earnings last year were 23.6% higher than those of 2010", reports Prensa.com.
Fundesa, Guatemala’s Foundation for Development, issued its monthly report on the status of the economy.
Inflation
According to the Consumer Price Index, prepared by the National Statistics Institute, cumulative inflation up to May 2010 stood at 2.70%, which means that the price level rose when compared to December 2009. The year-on-year change for May 2009 was 3.51%, reflecting a slight downward trend for the third consecutive month.
Foreign exchange earnings from exports recorded for January to July 2008 were at $3.55 billion in comparison to the $2.57 billion reported for the same period in 2007.
According to information from the Bank of Guatemala, there was a 3% growth overall for traditional products. Coffee earned $521.4 million or 19.1% growth compared to the same period in 2007; banana earned $207.6 million, 13.5% more than the previous year; and cardamom reported a 27.5% growth or $102.6 million.