AR Holdings will invest $1.5 million in the opening of The Capital Grille restaurant on Avenida Escazu.
According to information provided by the conglomerate, the restaurant is expected to open to the public by the end of the first semester of 2021 in premises that will have an area of 470 square meters.
With the new laboratory for the analysis of toxic residues of bovine, porcine and poultry meat, which will begin to operate as of March 2021, Panama will be able to begin exporting to the US market.
Due to the fact that the country so far lacks a laboratory to certify the quality of the meat, Panama cannot export to the United States, however, authorities announced that next year the situation will change.
Authorities from both countries signed a protocol that will allow Panamanian producers to export poultry meat to the Asian nation.
The agreement that was signed on November 17, 2020 by Panama's ambassador to China, Leonardo Kam, representing the Ministries of Health and Agricultural Development, and by the Director General of the General Administration of Customs of China, Ni Yuefeng, includes an annex with the list of ten eligible chicken edible by-products that would integrate the agreement.
In Nicaragua, from January to July of this year, exports of livestock products totaled $449 million, 16% more than reported for the same period in 2019, mainly due to increased sales of beef.
Figures from the Export Processing Center (Cetrex) indicate that between January and July 2019 and the same period this year, foreign sales of livestock products increased from $388 million to $449 million.
In Guatemala, for the months when the quarantine was most severe, sales of live cattle were cut in half due to movement restrictions, lack of transportation, and market closures.
Due to the covid-19 outbreak, authorities agreed to impose severe restrictions on the circulation of people during April, May, June, and July, including total closures of the economy during several weekends.
In the last five years, pork consumption in Central America increased 42%, from 197,000 tons in 2014 to nearly 279,000 tons in 2019, growth that was boosted by the Salvadoran and Honduran markets.
Figures from the "Pork Market Snapshot" prepared by the Trade Intelligence Unit of CentralAmericaData, detail that in the last two years’ regional consumption of pork registered a 3% increase, since between 2018 and 2019 it is estimated that demand in Central America rose from 270 thousand metric tons to 279 thousand tons.
When the country's authorities begin to lift the restrictions that have been taken to prevent the spread of covid-19, it is predicted that in the meat sector, sales of chicken could contract by 2%.
Through a demand/income sensitivity model developed by the Trade Intelligence Unit of CentralAmericaData, variations in household demand for different goods and services can be projected as the most critical phases of the spread of covid-19 are overcome and the measures restricting mobility in the countries of the region are lifted.
During the first quarter of the year in Costa Rica 99,662 cattle were slaughtered, 4% more than reported in the same period in 2019, which is largely explained by shipments to the market in China.
Although the spread of covid-19 has negatively impacted most economic sectors worldwide, data from the Livestock Corporation (Corfoga) detail that between January and March 2019 and the same period of 2020, the number of cattle slaughtered increased by 3981, from 95681 to 99662.
When the economies of Central America begin to relax the restrictions that have been taken to prevent the spread of covid-19, it is expected that in the area of processed meats, sales of pork ham will be among the most contracted.
Using a demand/income sensitivity model developed by the Trade Intelligence Unit of CentralAmericaData, it is possible to project the variations that household demand for different goods and services will undergo as the most critical phases of the spread of covid-19 are overcome and the measures restricting mobility in the countries of the region are lifted.
The closure of restaurants and hotels and the restrictions on opening hours in cantonal markets and supermarkets explain the drop in sales reported by agricultural producers.
The Chamber of Agriculture carried out a survey to measure the first economic effects of the covid-19 outbreak in the country, and different agricultural producers', agro-exporters', agro-industrial and agricultural cooperatives' associations were consulted.
Between the first two months of 2019 and the same period in 2020, the number of pigs slaughtered in Panama increased by only 1%, while cattle slaughtering grew by 3%.
The General Comptroller's Office of the Republic of Panama reported that 80,841 heads of pigs were slaughtered in the first two months of the year, a figure higher than the 80,067 reported in the same period of 2019.
In the last five years, beef consumption in Central America increased 4%, from 335,000 tons in 2014 to about 347,000 tons in 2019, growth that was boosted by the Salvadoran and Honduran markets.
Figures from the "Beef Market Snapshot" prepared by the Trade Intelligence Unit of CentralAmericaData, detail that in the last two years’ regional consumption of beef registered a slight increase, since between 2018 and 2019 it is estimated that demand in Central America rose from 341 thousand metric tons to 347 thousand tons.
At the end of last year, the number of cattle in Panama reached 1.49 million, 3.8% less than in 2018.
The General Comptroller of the Republic reported that between 2018 and 2019 the number of cattle decreased by 59,700, from 1,556,900 to 1,497,200, a decrease that is largely explained by the fall recorded in the province of Veraguas.
After the first case of paralytic rabies in cattle was confirmed in Coto Brus, the authorities decided to quarantine the farm that houses 110 cattle.
Because the National Animal Health Service (Senasa) confirmed the death of a cattle that was affected by this disease, the movement of any cattle from the farm located in Puntarenas province was prohibited.
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