Because of the political crisis that began in Nicaragua in April, during the third quarter of last year the country's GDP fell by 4.5% compared to the same period in 2017.
The Central Bank of Nicaragua reported that in the third quarter of 2018, the economy registered a 4.8 percent year-on-year decline and a 0.5 percent annual average reduction.
The fall in international grain prices in recent years has increasingly affected producers in the region, who at current prices do not even reach the production costs.
Since years ago, international sugar prices have reported a clear downward trend, and in the last twelve months the quintal price registered a fall of 23%.
Because of the political crisis that Nicaragua has experienced since April, during the second quarter of the year the country's GDP decreased by 4.4% compared to the same period in 2017.
The Central Bank of Nicaragua reported that in the second quarter of 2018, the Nicaraguan economy recorded a year-on-year decline of 4.4 percent and an average annual growth of 1.6 percent in the original data, according to the preliminary estimate of quarterly GDP. With this result, economic activity fell 0.9 percent in the first half.
Despite the complex situation, pig farmers in Nicaragua estimate that they will achieve their goal of producing and marketing 13,600 tons of pork this year.
According to representatives from the Nicaraguan Chamber of Producers (Caniporc), so far this year pork consumption went down by only 1% and the value of each live animal decreased by 5%, and the reason for this is the social and political crisis that has been affecting the country for more than five months.
Five months after the socio-political crisis in Nicaragua, it is estimated that this year Gross Domestic Product will contract between by 2.1% and 4%, in real terms.
The Nicaraguan Foundation for Economic and Social Development (FUNIDES) has updatedits estimates on the economic and social impact of the crisis in 2018, in which it poses a first scenario that assumes that people and companies will adapt to a "new reality". In this context, the losses in added value would amount to $946 million.
Businesses in the sector foresee a decline during the 2018-2019 harvest, attributed to the drought and the illegal invasion of lands resulting from the political crisis that Nicaragua is experiencing.
According to statistics from the National Committee of Sugar Producers (CNPA), during the last two harvests the country reported a sustained increase in its sugar production. Figures for the 2017-2018 harvest show there was production of 1.8 million tons which represents an increase of 12% compared to the previous cycle.
Using resources from the European Union and the Nicaraguan government, a program will be financed which focuses on the transformation of the cattle value chain and the implementation of a sustainable production model.
The institutions promoting the program reported that "... through this program, the European Union (EU) is making available to the GRUN a total of €20 million, which will be administered by the Spanish Agency for International Cooperation for the Development (AECID), which is also contributing 500 thousand euros, and there will also be a counterpart contribution from the Government of €1.2 million."
The new technical regulation that will apply as of July 2018 in Nicaragua, establishes methods of analysis, sampling, packaging and labeling of green robusta coffee for export and commercialization.
Sincethe coffee law was amended in May 2017to incorporate extensive planting of the Robusta variety in certain areas of the country, cultivation of this type of grain has been growing. Producers and exporters now have a new technical standard that establishes the methods to be followed in the cultivation of this variety.
Global coffee output for 2017/18 is preliminary estimated at 158.78 million bags, 0.7% higher than last year.
Total production of Arabica is estimated to decrease by 1.1% to 97.32 million bags compared to 98.42 million bags last year, as lower production of Colombian Milds and Brazilian Naturals are only partially offset by increases in Other Milds. An increase of 3.7% is expected in Robustas, due largely to a rebound in Vietnam, the world’s largest Robusta producer.
Last year, 2.3 million tons of bagasse were used to generate energy, and production is expected to be even higher this year.
The National Committee of Sugar Producers (CNPA) expects that the generation of energy using cane bagasse will be maintained in the medium term, since they predict good results for the production of cane. Last year, 2.3 million tons of bagasse were produced, which were used to generate energy, and this year they expect production to be even higher.
The industry union expects to close 2017 with 5% growth in production, and plans to focus next year on improving processes in order to increase productivity.
One of the changes proposed by fishing and aquaculture companies is to improve production processes of products such as lobster, which require special logistics,"... including being able to capture them alive, pack them and send them to international markets."The executive director of theChamber of Fisheries of Nicaragua (Capenic), Armando Segura, explained that some shipments of lobster have been made to Taiwan, but that next year it will be decided whether or not exporting this product is viable.
The growth could be driven by improvements that have been achieved in terms of technification, production management and meat processing and distribution.
Techniques of production and genetics are some of the topics that will be discussed on November 17th at the congress of pork producers, to be held in Managua.
The event is being organized by the Nicaraguan Chamber of Producers (Caniporc), and will take place at the Best Western Las Mercedes Hotel.
With Nicaraguan and Costa Rican capital the company Concrenic has started operation of its third plant for the production of pipes, blocks and concrete boxes.
The precast concrete production plant started operating in September, at kilometer 47 of the old road to León. This plant joins the two operating in San Carlos, Managua, specializing in heavy structures such as beams and columns and prefabricated concrete.
In the first four months of the year the volume exported was 256 million kilos, 84% more than in the same period in 2016.
Growth in the cultivated area and productivity improvements explain the better performance of the sugar industry in Nicaragua.In the first quarter of the year, not only did the exported volume go up, but so did exported value, going from $50 million generated in the same period in 2016 to $118 million this year.
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