In the first three months of the year, Central American countries registered $625 million in banana sales abroad, and exports to the Netherlands increased by 38% compared to the same period in 2017.
Figures from the information system on theFresh or Dry Banana Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
In Panama, the incentive of $7.50 applied to each hundredweight of paddy rice has been extended for the period from July 1, 2018 to June 30, 2019.
The Ministry of Agricultural Development (Mida) reported that in addition to the incentive of $7.50, it has been established that the price of a hundredweight of rice will be $17, (depending on the variations that occur in terms of promotions or discounts), which will be paid by the mills and intermediaries to local producers.
In the first eight months of the year the country generated $381 million from exports of the grain, 14% less than the $445 million reported in the same period in 2017.
According to figures from the Export Procedures Center (Cetrex), a decrease was also reported in relation to the volume exported for the period from January to August of this year, compared to the first eight months of 2017, in this case a drop of 3%.
The rainfall deficit reported between the end of June and August, together with a summer that could be combined with El Niño starting from this November, raises the probability of drought in the sector.
According to data from the National Meteorological Institute (IMN), between January and August of this year in Liberia, province of Guanacaste, the rainfall deficit was 40% compared to the historical average.
Between January 2012 and March 2018, the average price of Guatemalan raw sugar exports has been falling, going from $0.58 to $0.34 per kilo.
Figures from the Information System on the Sugar Market in Guatemala, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
The agricultural chemical union of Guatemala states that the illicit commercialization of fertilizers, insecticides and fungicides, represents about 12% of the local market.
In Nicaragua, a decrease in the amount of cultivated land and a decrease in fertilization spending have caused a fall of between 25% and 30% in the sales projected by entrepreneurs in the sector.
According to figures from the Central Bank of Nicaragua, between the first half of 2017 and the same period in 2018, imports of fertilizers and agrochemicals in the country reported a reduction of 14%, falling from $102 million to $88 million.
The plan being designed by the Guatemalan government is in the revision phase, and has the aim of encouraging production of the sector and relations between producers and consumers.
Regarding the objectives of the new policy being prepared by the authorities, Pablo Girón, head of the unit of the National Council for Agricultural Development (Conadea) at the Ministry of Agriculture, Livestock and Food (Maga), explained to Prensalibre.com that "...'The idea is to make economic development strategies for fruit production, with a vision, mission and pointing northwards, in the direction of where we want to go towards the future'."
Due to growth in demand for the fruit at an international and local level, Guatemalan producers see potential for expanding the crop in the coming years.
Since 2002 demand for the fruit in the US has doubled and in Europe it has grown 20% in the last three years, this has generated positive expectations for local producers who foresee business opportunities.
During the first three months of the year countries in Central America sold $52 million worth of watermelons abroad, which is 20% more than what was exported in the same period in 2017.
Figures from the information system on the Fresh Watermelon Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData : [GRAFICA caption = "Click to interact with graph"]
In the first semester of 2018, official figures show an increase of 15% in sales abroad of fruits and 23% in those of legumes and vegetables.
Data from Banco de Guatemala indicates that "... Sales of fresh, dried or frozen fruit reached US $197.6 million from January to June, US $26.1 million more than in the same period in 2017.Pulses reported US $114.9 million, US $21.1 million more than last year."
In the context of the difficult situation that Nicaragua is facing, the Ortega administration has announced its projections for agroindustrial production, consumption and trade for the period 2018 -2019.
From a statement issued by the Central Bank of Nicaragua:
Between February 2016 and March 2018, the average price of palm oil exports from Central America registered an increase of 20%.
Figures from the information system on the Palm Oil Market and its Fractions in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
From November 5 to 9, Guatemalan entrepreneurs from the agricultural and manufacturing sectors will be visiting the US city to explore business opportunities with local buyers.
Representatives from the Guatemalan Association of Exporters (Agexport) reported that theTradeMissionto Chicago is geared towards companies that export fresh and manufactured products geared towards the retail segment. The main objective is the opening and positioning of the Guatemalan exportable supply in the third largest city in the United States, Chicago, in Illinois.
In the first quarter of the year, countries in the region exported $261 million worth of pineapples, 18% more than in the same period in 2017, mainly explained by sales to the United States and the Netherlands.
Figures from the Information System on the Pineapple Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
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