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- (-) April 2023
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FAS/Managua projects Nicaraguan sugar production and exports recovering in marketing year 2023/24, despite deteriorating political and economic conditions in Nicaragua, with the anticipated arrival of an El Niño weather system and drier weather in the latter half of 2023.
Since the Netherlands lifted all COVID-19 related restrictions at the end of February 2022 and most people returned to the workplace, new opportunities continue to emerge for U.S. agricultural products. Consumers are especially interested in healthier, more convenient, nutritious, and high-quality products.
FAS/Managua projects marketing year 2023/24 Nicaraguan peanut production to return to historic high levels, near 200,000 metric tons on an in-shell basis, as deteriorating political conditions and rising economic instability improve the risk-reward calculations of peanuts relative to longer-term investments in sugar or cattle.
The turnover of the Dutch food processing industry in 2021 (most recent data available) was valued at $83 billion. There are more than 8,000 food processing companies active in the Netherlands and together they account for an estimated 150,000 jobs.