The FAO food price index grew 1.9% year-on-year, due to the increase in prices of dairy products and cereals.
From the monthly report on the FAO food price index:
The FAO Food Price Index* (FFPI) averaged 176.2 points in May 2018, up 2.2 points (1.2 percent) from April level and hitting its highest level since October 2017.
In 2017, countries in the region imported $265 million worth of rice, of which 45% was purchased by companies in Costa Rica and Honduras.
Figures from the Information System on the Rice Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
Between February 2013 and December 2017, the average price of a kilo of corn imported into Guatemala has been on a downward path, falling from $0.43 to $0.19.
Figures from the information system on the the Corn Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
Through an agreement with the union of soy and corn producers in Mato Grosso, promotion will be given to the the transfer of grains from the north of Brazil to markets in Asia.
The Canal Authority reported that "...The agreement allows the coordination of joint marketing activities, exchange of market studies and information on commercial flows, as well as modernization and improvement programs."
In February, the FAO food price index fell by almost 3% in year-on-year terms, due to a drop in prices of sugar and vegetable oils.
From the monthly report on the FAO food price index:
The FAO food price indexstood in February 2018 at an average of 170.8 points, that is to say, 1.1% (or 1.8 points) more than in January, although it is still 2.7% less than its value in the same period last year. Higher international prices for dairy products and cereals contributed to the inter-monthly rise in the value of the index, while prices for sugar and vegetable oils declined and meat prices remained stable.
The Ministry of Defense in Guatemala is putting out to tender for the period of eight months, a supply of ingredients for food preparation for the Fifth Infantry Brigade.
From January to September 2017 the region imported $543 million worth of corn, and 54% was purchased by companies in Guatemala and Costa Rica.
Figures from the information system on the the Corn Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
The FAO food price index closed the year with an increase of 8% compared to 2016, the highest annual average since 2014, although it is still 24% below the maximum levels reached in 2011.
From the monthly report on the FAO foodprice index:
Authorization has been given for 2018 to importy duty free a maximum of 5 thousand MT of black beans, 150 thousand MT of yellow corn, 50 thousand MT of white corn and 26 thousand MT of paddy rice.
The approved quotas were: Black beans, a maximum of 5 thousand metric tons -MT-, equivalent to 110 thousand hundredweight; yellow corn, 150 thousand -MT-, equivalent to 3.3 million hundredweight; white corn, 50 thousand -MT-, 110 thousand hundredweight and unhusked rice, 26 thousand MT, 572 thousand hundredweight.
In the last 16 years the amount of land cultivated with white corn has grown at an average annual rate of barely 1%, while in the case of beans, growth has been at an average annual rate of 6%.
From the executive summary of the report "Current situation of basic grains in Honduras", prepared by the Honduran Council of Private Enterprise:
Lentils from the US, beans from Holland, quinoa from Mexico and chayote from Costa Rica are among the grains and species that can be imported into Panama from now on.
The Panamanian Authority for Food Security has granted permits to import from nine countries grains and species such as flaxseed, chiaseeds, and others.
Up until December 31 the government has granted authorization to import 1.6 million hundredweight of yellow maize for animal feed manufacturers.
The Honduran Association of Producers of Balanced Animal Foods (Ahproaba) informed Laprensa.hn that "... of the 19 companies that make up the association, 14 will receive the benefit to import the grain free of taxes."
It has been reported that the government has reactivated licensing for the export of one million hundredweight of red beans to El Salvador.
The Ministry of Economic Development (SDE) has authorized the re-granting of licenses for export because a harvest of 3 million hundredweight of red beans has been forecast, two million of which will go to the domestic market and the rest can be sold.
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