In the last two years, non-performing loans to the agricultural sector increased from 2.4% to 5.9% between April 2017 and the same month in 2019.
Figures from the General Superintendence of Financial Entities (Sugef) indicate that the increase reported in the arrears of agricultural loans includes operations with delays of more than 90 days, as well as operations that are in judicial collection.
The recent fiscal reform, changes in social charges in Nicaragua and low international prices are affecting the competitiveness of the sector.
At the end of February 2019, in the midst of the country's political and economic crisis, the National Assembly approved a tax reform that increases the income tax of large taxpayers from 1% to 3%.
In the fertilizer business, it is estimated that Yara, Nitratos de Guatemala, Tigsa Fertilizantes and Grupo Fert account for close to 20% of the market share.
Data from the interactive platform "Guatemalan Business Information," compiled by the Business Intelligence Unit at CentralAmericaData, includes details on company information by sector, main activity, volume and value of imports, exports and other relevant data.
In the wholesale distribution business of agricultural machinery and equipment in Costa Rica, it is estimated that Agrosuperior, Saturnia and Disagro, together account for about 50% of the market share.
Data from the report "Company's Corporate System", complied by the Business Intelligence Unit at CentralAmericaData, provides details on company information based on sector, main activity, imports, exports, contracts granted by the government and other data.
During the first half of 2018, purchases by countries in the region reached $494 million, 12% more than imports during the same period the previous year.
Figures from the information system of the Central American Fertilizer Market, from the Trade Intelligence Area at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
The agricultural chemical union of Guatemala states that the illicit commercialization of fertilizers, insecticides and fungicides, represents about 12% of the local market.
In Costa Rica, companies in the agricultural and fishing sectors will not have to use the mandatory electronic receipt system until October 2019.
The government has decided to postpone the entry into force of the electronic receipt system for these two sectors, with the aim of having more time to better implement the system and solve the problem of internet access that several producers claim to have.
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"]
To calm the spirits of local producers, the Panamanian government has announced the beginning of an audit of the process to import agrifood products, in order to identify companies that are bringing goods in without meeting any of the requirements.
A few days after producers in the country held demonstrations against the allegedly excessive entry of products such as dairy and meat, the government decided to form, together with representatives from the agricultural sector, a discussion table to solve some of the problems.However, this negotiation was abandoned by representatives of the unions.
In Costa Rica, the productive activity of agricultural goods destined for domestic consumption has been stayed low in recent years, despite the fact that most benefit from the protection afforded by the tariffs imposed on imports of some similar goods.
In the first quarter of 2018, companies in the country imported $34 million worth of fertilizers, and purchases in Russia totaled $12 million, 45% more than in the same period in 2017.
Figures from the information system on the Fertilizer Market in Costa Rica, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
In Nicaragua, a company dedicated to the production of passion fruit which planned to invest $20 million in the coming years, reported that last weekend armed groups invaded their land.
The Swiss origin company, Chimaco S.A., reported that the demo facility located at kilometer 124.5 of the highway between Chinandega and León was taken over by armed groups who prevented investors from entering.
The average price per kilo of fertilizers imported by the Central American countries dropped from $0.54 in January 2012 to $0.27 in March 2018, registering a 50% drop.
Figures from the information system on the Central American Fertilizer Market, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
The twenty-five productive properties that have been invaded since the crisis began in Nicaragua together make up more than 28 million square meters of land, of which 43% correspond to areas used for agricultural crops and another 44% to livestock production.
According to data from the Union of Agricultural Producers of Nicaragua (Upanic), 33% of the affected properties have an area greater than 100 manzanas, 23% are land measuring between 50 to 99 manzanas and 46% have an area of less than 50 manzanas.
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