As part of the Agritrade Expo & Conference 2019, the first live auction of differentiated Guatemalan coffee will be held on February 20.
From the Agexport statement:
AGRITRADE Expo & Conference 2019: First Live Coffee Auction in Guatemala
A Coffee Trade that will have a live auction to ease the business of differentiated Guatemalan coffee; a pavilion of plants and flowers; vegetables and fruits that will be known through Guatemalan chefs cooking the flavor that exceeds expectations, and 10 more activities, will be presented in the XIX Edition of AGRITRADE Expo & Conference, to more than 150 international buyers. Guatemala's exportable agricultural offer will be present and will seek to generate business for US$ 65 million in the short and medium term.
Because of the decline in the international price of sugar in recent years, agricultural businessmen in Guatemala have decided to migrate to more profitable crops, such as bananas and African palm.
Last year, Guatemalan banana exports totaled $815 million, 4% more than the $782 million reported in 2017, a rise that is partly caused by the increase in the cultivated area in the country.
XAGRO, announces the expansion of the company's spirits blending plant in Nueva Guniea, Nicaragua.
Caribbean Coast, Nicaragua, November 7, 2018 – XAGRO, a market leader in providing custom blends of coconut water with alcohol for specialty spirits companies announces the expansion of the company's blending plant.
Authorities from both countries agreed that Costa Rica would accept avocado from Mexico, as long as it has a phytosanitary certificate indicating that the shipment is "symptom-free."
The State Phytosanitary Service (SFE) and the Ministry of Agriculture and Livestock (MAG) of Costa Rica, managed to agree in December 2018 with the new Mexican authorities, the procedure to end almost four years of trade conflict, which emerged from the barriers imposed on the entry of avocado to the Costa Rican market.
As of March 15, the FTA between Taiwan and El Salvador will be null and void, a situation that will prevent the Central American country from selling 80,000 tons of sugar at favorable prices.
The Salvadoran government concluded the trade agreement with the Asian country in December last year, a decision that was not consulted with the country's productive sector and will affect sugar exports, as it will no longer have preferential treatment.
In the first month of the year, the FAO food price index fell 2% from January 2018, because of the decline in the prices of meat, vegetable oils and sugar.
From FAO's monthly report:
The FAO Food Price Index* (FFPI) averaged 164.8 points in January 2019, up almost 3 points (1.8 percent) from December 2018 but still 3.7 points (2.2 percent) below the corresponding month last year. After three successive months of relatively stable levels, the increase in January was largely driven by a sharp rebound in dairy price quotations as well as firmer prices of vegetable oils and sugar.
In the food preparation business, it is estimated that Alimentos para Animales S.A. and ADM Guatemala Ltd. represent about 23% of the market share.
Data from the "Corporate System of Companies" platform compiled by the Trade Intelligence Unit at CentralAmericaData provides details on the companies according to sector, main activity, volume and value of their imports, exports and other relevant data.
Between January and June 2018, maize imports from countries in the region totaled $380 million, and 51% were bought by companies in Guatemala and Costa Rica.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
After concluding an audit that began in 2016, European Union authorities notified Costa Rica that it will be able to continue exporting its organic vegetables to European countries.
The Costa Rican government reported that the European Union (EU) notified the State Phytosanitary Service (SPS) of the Ministry of Agriculture and Livestock that the audit initiated in 2016 was completed with the aim of evaluating the actions of the Unit of Accreditation and Registration of Organic Agriculture (ARAO) of the SPS, resulting in continued recognition under the category of Third Country for Costa Rica.
Because of the fall in the international prices of the main raw materials, last year the sector's activity grew 2.75%, below the 3.7% increase reported in 2017.
According to information from the consulting firm analyzing data on economic, financial and socio-political issues, Central American Trade Intelligence -CABI-, at the end of the last quarter of 2018, the fall in international prices of the main soft raw materials produced in the country (sugar and coffee), caused agricultural exports to decline, reported the Chamber of Agriculture (Camagro).
In recent years, Dominican avocado exports have tripled, mainly because of sales to the U.S. and Puerto Rican markets.
Figures from the Ministry of Agriculture detail that avocadoexports from the Dominican Republic between 2015 and 2017 have increased from $13 million to $36 million, and in the case of sales to the U.S. and Puerto Rico have increased from $8 million to $29 million and from one million dollars to $5 million, respectively, for the years concerned.
For the 2017-2018 agricultural cycle, the cultivated area in Guatemala was 1.07 million hectares, 48% more than the 725 thousand reported in the 2014-2015 cycle.
Data from the National Agricultural Survey 2017-2018, carried out by the National Institute of Statistics, show that 10.1% of the area dedicated to crops in the country is used for corn, 1.3% for beans and less than 1% for rice.
At the end of the first quarter of 2019, the construction of a pineapple packing plant is expected to be completed in the Dominican Republic, with a global investment of about $10 million.
The new industrial plant owned by the company Shared-X Impact Farm, which is dedicated to organic pineapple cultivation in the country, will be in the province of Monte Plata and will have the capacity to prepare a van every hour at harvest time.
Honduran coffee growers forecast that for the 2018-2019 harvest, foreign sales income will be reduced by $300 million with respect to the previous cycle.
According to the Association of Coffee Exporters of Honduras (Adecafeh), the bad numbers for the sector continue, because so far this crop has registered a fall of $ 40 million in exports, equivalent to 400 thousand quintals, compared to the previous cycle.
During 2018, pineapple exports surpassed banana exports totaling $990 million and $981 million, a situation that is recorded for the first time in the country in recent years.
Figures from the Ministry of Foreign Trade and the Foreign Trade Promoter of Costa Rica (Procomer) detail the fruit exports reported different behaviors, because between 2017 and 2018 foreign sales of pineapple increased 5% and banana sales decreased 9%.
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