Nicaragua Zeroes Bean Duties
WASHINGTON - Oct 11/10 - SNS -- Nicaragua eliminated import duties on dry edible beans through the end of November in an attempt to alleviate the impact of a short crop on the domestic supply situation, according to the U.S. agricultural attache for the country.
Nicaragua is experiencing high precipitation leading to flooding in bean producing areas. The Ministry of Agriculture and Forestry (MAGFOR) has not issued official estimates on the damage to the current bean crop.
However, reliable sources state that about 40% of the first bean harvest has been lost due to heavy precipitation, but the third and last harvest, apante, is expected to produce a high yield due to the remaining humidity in the soil.
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