Fresh grapes, onion, garlic and strawberries from Peru have potential in Nicaragua

Published 2021년 5월 18일

Tridge summary

Peru and Nicaragua are planning to negotiate a Free Trade Agreement (FTA) to establish the framework for increased agro-export trade between the two countries. Despite a history of mainly grape exports to Nicaragua, there is potential for greater export opportunities for various agricultural products. In 2019, Nicaragua imported a significant amount of onions and onions, demonstrating a potential market for Peruvian produce like garlic, strawberries, and peppers. These products are priced higher in Nicaragua compared to the international market, indicating a potential for profit for Peruvian farmers if an FTA is established.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Agraria.pe) On May 10, trade negotiations between Peru and Nicaragua were announced to establish the regulatory framework and conditions that would ultimately result in the signing of the Free Trade Agreement (FTA) between the two countries. Although, until last year, Peruvian agro-exports to the Nicaraguan market were mainly fresh grapes (547 tons for US $ 983 thousand), there is ample potential for many agricultural products in our exportable offer. In a typical year like 2019, Nicaragua imported a large part of the fruits and vegetables that Peru has in its basket. For example, it imported 20 thousand tons for US $ 7 million of onions, with a jump of 79% in the value compared to the previous year. At the same time, Peru exported 242 thousand tons for US $ 86 million. It should be noted that while the bulb was priced at US $ 0.37 per kilogram in Nicaragua, Peru received an average of $ 0.35 per kilogram. Another potential product is garlic, whose import in the Central American ...
Source: Agraria

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