Starting July 17th the categorization of products according to their health risk will be applied and a 15 day shipping notice will be required to import those labelled as "high risk."
A new "Directive on sanitation and phytosanitation for the facilitation of trade in goods and shipments in Central America", adopted by the Council of Ministers for Economic Integration (Comieco), approved in January and which will come into effect from Thursday, July 17, could detract agility from intraregional trade, warns the Exporters Corporation of El Salvador (Coexport).
In 2013 49 million kilos of oil and fats were sold abroad generating $78 million.
The oil industry in Nicaragua consists of the companies Agroindustrial de Oleaginosas, Agrosa, E. Chamorro Industrial, S.A., Aceitera Corona and Aceitera El Real, and the four between them currently have 13,000 and 14,000 hectares under production.
Although cotton is currently going through a good time, the National Plan for Production, Consumption and Trade does not include this seed for the crop season 2013-14.
Despite this situation, farmers are reluctant to stop planting because they owe about $2 million to Alba-Caruna and because in terms of demand and prices, cotton is currently going through a good time.
The government plan aimed to have a growth of 407% in planted area and double the crop yield.
However, the reality has ended up being well below expectations. The planted area reached only 650 hectares, a figure even lower than in the previous harvest, when 1.709 hectares were planted.
A pilot project of 1,600 hectares of cotton cultivation has been highly successful, and this year up to 5,000 hectares could be sown.
The Nicaraguan Cotton Reactivation pilot project was planning on planting 2,800 hectares. However, the 16 producers who enrolled in the venture only cultivated 1,600 hectares. Nevertheless the experiment was considered "a complete success" states an article on Laprensa.com.ni.
The revival in cotton growing has been confirmed with financing by a Brazilian investment group.
Aguerri Adam Joseph, president of COSEP confirmed that cottonproduction this year will be reactivated with the support of Brazilian investors, attracted by the office of ProNicaragua, an organization that is dedicated to the promotion of foreign investment.
In times of low cotton production, the Latin American textile industry protests against restrictions imposed on exports from India.
The price of cotton has risen more than 70% so far this year, as a result of lower production, a situation that profoundly affects the textile industry.
Over the last three months the cost of fabrics has increased 30% in Nicaragua, due to increases in the international price of cotton.
Álvaro Baltodano, secretary of the Free Zones Commission (CNZF), explained that Nicaragua's textile mills are already paying higher prices for this raw material, a situation which complicates a sector already in problems due to the slow growth of the U.S. economy, the main importer of the country's textile production.
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