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- (-) April 2022
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Earlier investments in mechanization, irrigation, and co-generation of electricity for the national energy grid have helped insulate the sugar industry from domestic political instability, but access to and pricing of fuel and fertilizer could negatively affect sugarcane production in marketing year 2022/23.
A number of factors have converged over the last 18 months to send global agricultural commodity prices to near-record levels. Russia’s invasion of Ukraine – and the potential loss of Ukrainian exports – was the latest development to push commodity prices higher.
FAS/Managua expects 2022 peanut and oil production to remain flat from the previous year, with the vast majority of peanuts and virtually all peanut oil exported overseas.