For the present harvest, the sector's union forecasts an increase of between 8 and 9% in sales abroad, which would generate $400 million in revenues.
According to figures from the Industrial Association of Oil Producers of Honduras (Aipah), in the previous cycle the country exported 469 thousand tons, which generated $364 million and the main destination market was Europe, which acquired 85% of the total.In this harvest it is expected that about 515 thousand tons will be to exported.
In 2017, the value of palm oil sales from Central America to Mexico grew by 23% compared to 2016, which contrasts with the declines registered in the previous four years.
Figures from the Palm Oil Market information system and its Fractions in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
While agricultural companies in Guatemala insist on signing the agreement so as not to lose out to their competitors in the region, industrialists propose to renegote the agreement from scratch.
Each sector's position is very clear.The industrialists say that if the agreement is signed under the current conditions, some subsectors will be affected, and for that reason they want, if there is openness on the part of the Korean government, to go back to the negotiating table.
Due to atypical purchases made from Finland and Latvia during the first half of 2017, fertilizers imports totaled $93 million, 46% more than in the same period in 2016.
Figures from the information system on the the Market for Fertilizers in Honduras, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
Through a proposed law the Ministry of Agriculture aims to protect national production by increasing tariffs on grain imports.
According to figures from the Salvadoran Coffee Council, of every 4 hundredweight consumed in the country approximately 3 are imported.The proportion is reflected in data from the 2015-2016 cycle, a period in which about 270 thousand hundredweight was purchased abroad, which contrasts with the 100 thousand hundredweight of local product consumed.
A group of private companies led by agricultural entrepreneurs is preparing a bill that regulates the use of drones for economic activities.
Representatives of the Union of Agricultural Producers of Nicaragua (UPANIC), which leads the group of business chambers that have prepared the proposal, explained that as part of the process they reviewed the regulation on drones that exists in other Central American countries, to "... take the best parts of each of those laws and make a very good proposal to the government."
Between January and June 2017, Central American countries exported $378 million worth of palm oil, 22% more than was sold in the same period in 2016.
Figures from the Information System on the Market for Palm Oil and its Derivatives in CentralAmerica complied by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
In the first semester of 2017, Central American countries imported $439 million worth of fertilizer, 42% more than in the same period in 2016.
Figures from the information system on the Fertilizer Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
American Vanguard Corporation has announced the acquisition of Grupo Agricenter, dedicated to the production and commercialization of crop protection products in Central America.
Resources allocated to research and innovation to generate greater added value in the agricultural sector are said to be insufficient.
The potential for growth in agricultural activity in Nicaragua could be greater if long-term research and innovation programs were developed.Increasing public and private investment in academic training, research centers and sustainable agricultural development programs would help to improve the performance of the sector.
In the first six months, about $500 million was traded in agricultural products, and plans are to close the year with about $925 million.
If we reach the figure of $925 million traded at the end of the year, that would mean an increase of 7% compared to 2016, when the trade value exceeded $860 million.
Seven years after its conceptualization, the ambitious project that initially comprised the creation of eight markets has now been reduced to five, and the first will be ready in 2019.
It has been reported that from 2009 to date, about $300 million has been invested in a project that currently has only one market in operation, David, in the province of Chiriquí.This was inaugurated in 2014,"... despite not having permits for construction, occupation or water supply."
Nine companies are responsible for about 50% of the annual exports of the livestock and agricultural sectors, which in 2016 were worth around $1.5 billion.
The bill to reform the decree that created the Panamanian Food Authority has been vetoed by President Varela, amid pressure from the agricultural sector.
The presidential veto over the bill comes days after the Panamanian guild of private companies asked the executive branch to intervene, amid protests by agricultural producers in the province of Chiriquí.
Projections for 2017-2018 are to plant an area of 1.7 million manzanas (a unit equivalent to 1.72 acres), in the cattle sector 865 thousand head of cattle are expected to be slaughtered and, in the dairy industry the expected projections are of 280 million gallons.
The Plan for Production, Consumption and Trade in the 2017-2018 Cycle includes details of the Nicaraguan government's projections for agricultural, livestock, poultry, aquaculture and forestry sectors for the current year and the next.
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