From January to September 2020, companies in the region bought corn abroad for $753 million, 10% more than what was reported in the same period of 2019, a variation that is explained by the rise in imports from Nicaragua, Guatemala, Honduras and Panama.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]
From January to June 2020, the region's companies bought corn abroad for $525 million, 20% more than reported for the same period in 2019, a variation that is explained by the increase in imports from all Central American markets.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graph"]
From January to September 2019, companies in the region bought corn abroad for $685 million, 12% more than reported for the same period in 2018, a rise that is explained by the behavior of imports in Nicaragua, El Salvador and Guatemala.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
In El Salvador, the supply and distribution of sugar, rice, beans and corn flour for the centers of the Salvadoran Institute for the Integral Development of Children and Adolescents for the year 2020 are tendered.
The Morales administration has asked Congress to approve an additional $40 million to buy food to supply the inhabitants of the drought-affected areas.
The Ministry of Agriculture, Livestock and Food (MAGA) put before the deputies a request to approve an additional item of Q300 million ($40 million) to buy food for the approximately 300,000 families that have lost their crops in the Dry Corridor that includes the departments of Santa Rosa, Jutiapa, Jalapa, El Progreso, Zacapa, Chiquimula and part of Izabal and Baja Verapaz.
The Superintendence of Competition reported that it has closed the case on flours, after verifying the payment of a fine of more than $1.97 million, a result of the embargo on the bank accounts of Molinos de El Salvador.
The sanction was imposed by the SC, in September 2008, due to the anticompetitive practice of agreeing to divide up the flour market.
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"]
The Supreme Court of Justice has ratified the sanctions imposed in 2008 on Molinos de El Salvador and HARISA for anticompetitive practices, and $4 million must be paid in fines.
From a statement issued by the Superintendency of Competition:
The plant belonging to Maseca Group located in the department of Chimaltenango has been expanded to increase monthly production of corn flour by 1750 metric tons.
Prensalibre.com reports that with the expansion of the plant they will now be able to "... process an additional 1,750 metric tons a month, which will be used for the manufacture of cornmeal under the brands Maseca, Tortimasa, and Masarica. The figure is equivalent to the production of 3 million 800 thousand 2 pound packs of Maseca which could make over 119 million tortillas a month. "
A 4% drop in corn production is projected for the crop yield for 15/16 compared to 14/15.
From the monthly report by the International Grains Council:
Revisions for wheat, barley and sorghum lift the forecast for world total grains (wheat and coarse grains) production in 2015/16 by 9m t m/m (month-on-month), to 1,996m, 1% short of last season’s record. The y/y (year-on-year) fall mainly reflects an anticipated drop for maize (corn), seen down by 38m t, with the projection trimmed from before by a further downgrading of the EU crop.
Agroindustrias Gumarsal has announced that it will increase capacity at the corn flour processing plant it operates in the municipality of San Juan Opico.
After the Maseca plant announced its closure, the Salvadoran company Gumarsal has announced an increase in the production capacity of the plant it operates in the country, which currently produces 3000 tons of cornmeal per month.
All of the production centralized in El Salvador will close and be moved to another Central American country, without having been specified yet whether this will be Honduras or Guatemala. The reason for the closure is underutilized production, as only 35% of the plant's capacity is being used.
On October 1 there will be an auction in Panama of the duty free import of 2000 metric tons of nonfat dry milk, 17,000 tonnes of whole milk powder and 45,000 tonnes of maize.
Through the National Commodity Exchange (Baisa) the remainder of the 2014 trade promotion treaty (TPC) quota with the United States will be auctioned. The auction is scheduled to be start at 10:00 am.
As part of its plan to invest $15 million in two years, Agroindustrias Gumarsal will build a mill to process wheat and maize flour.
The processor and marketer of flour considers that the conditions are favorable for the economy and the agribusiness sector and plans to begin operating the new mill this month, which will be added to the already operating onein San Juan de Opico.
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