15% Increase in Agricultural Transactions

The Nicaraguan Agricultural Commodity Exchange (BAGSA, after its initials in Spanish) will close 2011 with $625 million traded, 15% more than in 2010.

Wednesday, December 7, 2011

Luis Arevalo, BAGSA General Manager, said a major achievements this year has been to include all the country’s productive sectors and to have passed the $600 million in transactions.

According to an article in Elnuevodiario.com.ni, "Over 2011, BAGSA established itself as the main agricultural business center offering an array of important services to the productive sector and exporters, one of these services is its innovative e-commerce platform. 'We are closing the year with a flourish, with the launch of an electronic trading platform that will promote growth and development of operations nationally and internationally, through an automated communication system", said Arevalo.

More on this topic

Nicaragua aspires to be international trade center

December 2008

The Agricultural Exchange of Nicaragua is aspiring to become an International Business Center.

They are seeking to regionalize the trading of commodities or raw materials for agricultural purposes both at the point of origin and destination.

Enrique Zamora, president of the Agricultural Exchange of Nicaragua (Bagsa), explained that they will continue to work in 2009 and the Exchanges in each country offering will be the one doing the trading at the International Business Center, which will be headquartered at the Agricultural Exchange of Nicaragua.

Transactions at Agro-industrial Exchange Increase 13%

December 2010

The Agro-industrial Exchange of Nicaragua (Bolsagro) transacted $ 280 million in 2010, 13% more than in 2009.

Felipe Argüello, executive director Bolsagro, explained that products traded were, "sugar cane, peanuts, cattle, milk, vegetables, rice, beans, sorghum, sesame and coffee."

Nicaraguan Agriculture Could Grow 6%

December 2009

The sector could grow 6% in 2010, helped by better climate and economic recovery in its target markets.

Gerardo Escudero, from international agricultural cooperation institute IICA, argues that a key factor for the sector's growth in 2010 is economic recovery at those economies which import agricultural products from Nicaragua.

Panama Wants to Become an Agricultural Logistics Center

August 2011

The idea is to develop a storage facility for perishable goods coming from South America which would then be exported to the U.S.

The minister of Agricultural Develpment, Emilio Kieswetter, has visited the United States to see a new multimodal logistics platform by the company Gateway Mississippi Gulf Coast, one of the largest logistics centers in the country.

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