Monday 5 December 2022

The Potential of Palm Oil in Nicaragua

Paying the bills

Latest

The 100 best companies and leaders in Costa Rica in reputation according to Merco

QCOSTARICA - Dos Pinos, Florida Ice and Farm (FIFCO),...

Remember today’s holiday is non-compulsory payment

QCOSTARICA - This Monday is the last long-weekend holiday...

Two hopes crushed in one game at Qatar World Cup group stage

QCOSTARICA - A thrilling Thursday in Qatar has brought...

Political abandonment condemns farmers to ruin and pushes them to extinction

QCOSTARICA (Semanario Universidad) The end of 2022 leaves the...

Cuba’s Informal Market Finds New Space on Growing Internet

Q24N (VOA) Havana — In the Telegram group chat, the...

Lagoon Dries Up as Drought Grips Peru’s Southern Andes

Q24N (VOA) From her home under the baking sun...

How to Choose Hotel for Your Next Trip

Choosing the right hotel isn’t a piece of cake,...

Dollar Exchange

¢601.14 Buy

¢609.83 Sell

3 December 2022 - At The Banks - BCCR

Paying the bills

Share

African palm oil worker

TODAY NICARAGUA – Twenty two thousand hectares are devoted to growing palm in the country, and investments of US$150 million are planned for maintenance of existing plantations and new ones in the coming years.

The 22,000 hectares of African palm currently produce 70,000 tons of crude oil which are destined for local consumption and export. In 2016 the revenue generated from sales abroad totaled US$33 million, 13% more than in 2015.

Marlon Perez Miranda, manager of the Association of Producers and Processors of Palm Oil (Capropalma) told Laprensa.com.ni that “… ‘Forecasts for this year are to export about thirty thousand tons of crude oil, but investments have already been made to add value to production, i.e. that part of the production that is already being refined and packaged because the goal is to be self-sufficient, because Nicaragua has the capacity to be self sufficient and also to export’.”

- Advertisement -

“… According to the National Plan for Production, Consumption and Trade, depending on weather conditions in the agricultural cycle 2016-2017, between 70,000 and 74,000 metric tons of crude palm oil will be produced. But there are also 9,200 hectares (about 6,440 fields) that are in development. At least eighty percent of these areas belong to six major established companies, which are also the companies who two years ago founded Capropalma.”

Article originally appeared on Today Nicaragua and is republished here with permission.

- Advertisement -
Paying the bills
Avatar photo
Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

Nicaragua signs cooperation agreement on atomic energy with Russia

TODAY NICARAGUA (EFE) Nicaragua’s Sandinista president, Daniel Ortega, authorized this Friday...

Nicaragua extends price freeze on fuels

TODAY NICARAGUA (EFE) The Government of Nicaragua extended by one week...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.