The quintal of white corn has become 10% more expensive in the last two weeks in Guatemala, a rise that is explained by the decrease in supply that derives from last year's low harvests.
The Price Report of the Planning Directorate of the Ministry of Agriculture, Livestock and Food (Maga) states that between June 6 and 19, the price of a quintal of white corn went from $19.35 to $20.45.
In the Dominican Republic, avocado and bananas are the crops with the highest growth potential, because of the behavior of global demand.
The National Competitiveness Council of the Dominican Republic and the Inter-American Development Bank (IDB) presented the "Study and Diagnosis of Agricultural Chains" in which the analysis of ten value chains was carried out for agricultural products such as: avocado, cocoa, banana, coconut, mango, pineapple, greenhouse vegetables, oriental vegetables, chinola and cassava.
The Ministry of Defense of Guatemala tenders the supply of groceries, fruits and vegetables for the elaboration of food for the personnel of the Army Corps of Engineers.
Last year, fertilizer purchases by countries in the region totaled $806 million, 6% more than what was reported in 2017, a rise explained by an increase in the average price of imports.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
Because of a drop in the price of the grain, during the first eight months of the 2018-2019 harvest Honduran coffee sales abroad totaled $673 million, 14% less than what was reported in the same period of the 2017-2018 cycle.
According to figures from the Honduran Coffee Institute (Ihcafe) between the first eight months of the 2017-2018 harvest, which runs from October 2017 to May 2018, and the same period of the 2018-2019 season, sales and exported volume decreased from $786 million to $673 million, and from 6.4 million to 6.3 million, respectively.
It is estimated that Pricesmart S.A., Del Monte S.A. and Nestlé S.A. account for around 18% of the market share in the import of fruit and vegetable preparations.
Data from the “Corporate System of Companies” platform, from the Trade Intelligence unit of CentralAmericaData, provides details on the companies according to sector, main activity, volume and data of their imports, exports and other relevant data.
For businessmen in the sector the decline in dairy sales to May this year is mostly because of the rise in tax obligations in the country, directly impacting on export competitiveness.
Data from the Center for Export Procedures (Cetrex), say that between January and May 2018, and the same period in 2019, foreign sales of dairy fell from $53 million to $45 million, equivalent to a fall of 16%.
In the fifth month of the year, the FAO food price index fell 2% over the same month in 2018, explained by the decline in prices of cereals and vegetable oils.
From the FAO monthly report:
The FAO Food Price Index* (FFPI) continued to rise for the fifth consecutive month, averaging 172.4 points in May 2019, up 1.2 percent (2.1 points) from April but still 1.9 percent below its level in the corresponding month last year. While prices for sugar and oils fell, the other sub-indices registered increases in May, led again by strong month-on-month firming of prices of dairy products followed by cereals.
In the context of a drop in production, in Costa Rica the government decreed a rise from $36.18 to $37.65, the price of a 73.6 kg sack of rice in bulk placed in the industrial plant.
The agreement modifying the price to the rice producer was published on June 5 in La Gaceta, and the government's action is taken in a context of low local production, because between the 2016-217 and 2017-2018 harvests, the volume produced decreased by 21%.
During the first nine months of 2018, regional vegetable exports totaled $132 million, 15% more than in the same period in 2017, an increase explained by the behavior of company sales in Guatemala and Honduras.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
Between January and September 2018, corn imports from countries in the region totaled $612 million, 13% more than what was purchased in the same period in 2017.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics]
In the country during 2018, foreign sales of fertile eggs, whose main destination is Central America, reached $6.9 million, 32% more than what was reported in 2017.
Figures from the National Association of Poultry Farmers of Panama (Anavip) detail that between 2017 and 2018, exports increased by $1.7 million, going from $5.2 million to $6.9 million.
Until 31 December 2019, yellow corn may be imported duty-free, and from 1 January 2020, a tariff rate of 40% will apply.
For the decision, the government argued in the decree published in the Gaceta that "... the production of meat, milk and eggs is produced, for the most part, from corn-based feed, which represents a little more than 65% of the total cost of meat production, especially in the production of chickens and pigs.
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