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Nicaragua's sugar industry attracts investors

Tuesday, October 15, 2013

Nicaragua's growing sugar industry has prompted investors to consider building two new sugar mills in the country, according to the president of Nicaragua's agricultural producers' union, Michael Healy Lacayo.

"There are two Nicaraguan investors who are already carrying out feasibility studies for sugar mills worth some $100 million, and would help generate about 50,000 jobs," said Healy.

For the current harvest, authorities expect the four sugar mills already operating in the country to produce 16 million quintals.

Full story (in Spanish)