In a small deal, which could be a signal of bigger things to come, Nicaragua’s Momotombo Chocolate Factory will in the next few weeks export 200 kilos of chocolate tablets to Italy.
Last year, Nicaraguan cooperative Cacaotera La Campesina exported 25 tonnes of organic cocoa, half to the Netherlands’ Daarnhouwer & Company, and the other half to France’s Ethiquable.
Production is low in the region, as opportunities for value-added cocoa have historically faced a combination of low investment, a vulnerable crop, and an often-volatile market price.
Meanwhile, exports from cocoa-producing countries – generally poor - have traditionally consisted of beans, with value being added in importing countries – generally rich.
On the other hand, the quality in many producing countries is high, especially in Colombia, Costa Rica, Mexico and Nicaragua, with 100% of exports defined last year by the International Cocoa Council as “fine and flavour” type.
Half of the exports of Guatemala and Panama received the same designation.
The finest variety of cocoa is Criollo, which accounts for less than 5% of global production, followed by Trinitario, which represents another 15%.
Forastero cocoa makes up the rest of global production.
Donald Trump will attend the annual Summit of the Americas conference in Peru next month and then visit Colombia after the event.
Acciona to build two water treatment plants in Nicaragua
Swiss $20 million investment to grow passion fruit in Nicaragua
Spain's Acciona secures $22 million Nicaragua water project
Chocolate sweetens German investment in Nicaragua
World Bank's IFC to finance $115 million for firms in Nicaragua
German-led initiative has raised €55 million for project development
Mastercard and Mexico City launch digital pass for public transport
Several Colombian transit systems use digital payment systems
Two in Panama and one in Costa Rica
Gencom to invest $100 million in Costa Rica luxury hotel
The project includes the Four Seasons Resort Costa Rica.