In 2013 49 million kilos of oil and fats were sold abroad generating $78 million.
The oil industry in Nicaragua consists of the companies Agroindustrial de Oleaginosas, Agrosa, E. Chamorro Industrial, S.A., Aceitera Corona and Aceitera El Real, and the four between them currently have 13,000 and 14,000 hectares under production.
"The country has five crops that produce oleaginous plant material: palm oil, soy, sesame, peanuts and cotton, of which the one being promoted the most is palm, which is concentrated mainly in the South Atlantic Autonomous Region (RAAS by its initials in Spanish) ... there are clearly defined niche markets in Europe and the United States which together with the comparative advantages of the country make palm oil one of its star products," explained Caldera to Elnuevodiario.com.ni .