BUSINESS INTELLIGENCE
Global Supply Chain Crisis?Monday, October 4, 2021 COVID-19 and climate change have directly impacted the supply chains of the sectors and industries that generate the most economic output. Unfortunately, fiction has become reality, and a global pandemic coupled with sudden climate changes have increased these problems worldwide, also due to unforeseen events in logistics routes and the exponential increase in online shopping, forcing industries to increase the load of transportation, vehicles, staff and resources in general. Imported Corn Vs. Local SorghumTuesday, December 15, 2020 Because yellow corn is imported from the United States at a price of $11 per quintal in Nicaragua and the cost of producing a quintal of sorghum locally is $12.5, competition for local producers is nearly impossible. Nicaragua is part of the Dominican Republic-Central America-United States Free Trade Agreement, an agreement that allows yellow corn from the United States to enter the local market free of tariffs. Banana Price Faces Downward PressureThursday, November 12, 2020 Since 2018, the price of the banana box that Costa Rican producers sell to the German supermarket chain ALDI is falling, there is concern that other European chains will begin to negotiate lower prices. Representatives of the National Banana Corporation of Costa Rica (Corbana) explained that in 2018 the 18.14 kilo banana box sold to ALDI was quoted at 13.55 Euros. Banana: Regulatory Alert in EuropeFriday, October 30, 2020 Due to the possible change in the regulations established by the European Union on the use of agrochemicals in the production of the fruit that enters their territory, exporters in the region are on the alert for the possible complications that this would generate in the commercialization. In order to protect the health of consumers, European authorities could vary the maximum residue limits (MRL's) that food entering the region may contain. Exporters Aim for New MarketsFriday, August 21, 2020 Mesoamerican countries, the Caribbean and Chile, are the markets where Panamanian exporters have set their attention to take advantage of new niches, geographical proximity and few restrictions to trade. According to ProPanama executives, for several years the United States had been the main destination for Panamanian exports, but gradually sales to Europe have been gaining ground and now the plan is to take advantage of the niches that have not been exploited in some markets in the region. Coffee, Pandemic and Consumption HabitsWednesday, August 12, 2020 Due to the global confinement decreed by the covid-19 outbreak, coffee shops, restaurants and tourist establishments reduced the demand for coffee, but increased Internet sales and marketing of the grain in supermarket chains. Another change that has been reported in the context of the pandemic is the rise in the international price of the quintal of gold coffee, which for the coffee year 2019-2020 stands at $156.48, an amount that is 9% higher than that recorded for the cycle 2018-2019, when it was quoted at $143.90. Food: Requirements in the New RealityTuesday, June 30, 2020 Some of the requirements for companies exporting food from Guatemala are that exporters guarantee good sanitary practices and that in case of an outbreak of covid-19 they notify their buyers and separate infected collaborators. Safety and health protocols have taken off in this new trade scenario, which emerged suddenly due to the spread of covid-19 around the world. Nicaragua: Uncertainty in the Export SectorMonday, April 6, 2020 Because of the measures restricting mobility in the main markets for Nicaraguan exports, there is uncertainty among businessmen, who fear that the prices of their products will be affected in this situation. Following the outbreak of covid-19 in the world, the authorities in the U.S. and several countries in Europe and Asia, have ordered the closure of shopping centers, bars, restaurants and cafes, a situation that has caused the drop in consumption globally. FTA between Guatemala and EFTA RatifiedThursday, February 27, 2020 The Guatemalan Congress ratified the protocol of accession of Guatemala to the European Free Trade Association, formed by Switzerland, Norway, Iceland and Liechtenstein. This trade agreement is a complementary instrument for Guatemalan products such as vegetables, fruits, flowers, ornamental plants, honey, spices, oils, fish and differentiated products to have easier access to Europe. Costa Rica: Goods Exports DeclineThursday, January 23, 2020 In 2019, exports of goods are estimated to total nearly $11.526 million, barely 2% higher than reported in the previous year, and far from the 6% increase recorded in 2018. According to estimates by the Ministry of Foreign Trade, foreign sales of services registered greater dynamism last year, since between 2018 and 2019, they went from Ch$9,090 million to Ch$9,565 million, equivalent to a 5% increase. Central America and BREXITFriday, January 10, 2020 During the eleven months that will pass between the beginning of the exit process from the European Union and the entry into force of the association agreement with Central America, trade relations with the United Kingdom will follow the same rules that have been in place until now. In July 2019, the negotiations of the Association Agreement with the United Kingdom were completed, which contains the mechanism to address the preferential trade relations regulated between both parties, after the process of leaving the European Union, known as BREXIT, is completed. Natural Cosmetics Aim for New MarketsTuesday, January 7, 2020 Sri Lanka and India are some of the markets that in 2019 began to demand natural cosmetics manufactured in Guatemala. Sri Lanka and India are two of the new markets, which have reached cosmetic products such as: essential oils, soaps and detergents, fragrances, personal care items, reported the Guatemalan Association of Exporters (AGEXPORT). Food: Trends and Opportunities in the UKWednesday, December 11, 2019 During 2018, sales of packaged foods in the United Kingdom exceeded $84 billion, and 36% corresponded to private label products, which have quickly entered this market. The study "Trends and requirements of private label buyers in the food sector in the United Kingdom", prepared by Procomer Costa Rica, indicates that the United Kingdom stands out as the second country in Europe with greater penetration of private label. Less Gray Lists, More BusinessWednesday, December 11, 2019 The challenge for the relationship between Panama and Europe is to look beyond the issue of fiscal transparency, in order to advance together in commercial, digital and environmental issues. After Panama was included in the European Union's list of non-cooperating countries in fiscal matters in December 2017, in March 2019 it was reported that in the new version, the Central American country had already disappeared. Guatemalan Coffee in GermanyThursday, October 31, 2019 The coffee growers' guild signed an agreement with the Guatemalan-German Chamber of Commerce and Industry to promote local production in the European country. Directors of the National Coffee Association (Anacafé) explained that the agreement will facilitate the coordination of actions for the promotion and export of coffee from Guatemala to Germany, such as the generation of direct links between producers and buyers. |
|