Emerging Markets / January 17, 2018

Pineapple Production and Markets in Central America

Costa Rica is a small Central American country, yet it is a major agricultural producer with a sound economy. Its national currency, the Costa Rican Colon (CRC), is free-floating in the international foreign exchange market herunterladen. Likewise, the US Dollar (USD) is a widely accepted unofficial currency in Costa Rica. Throughout the last decade, the Colon was strongest in March 2008, when it averaged 480 CRC against one USD romme kostenlosen. Meanwhile, the Colon has been weakest in September 2009 and May 2017, when it was valued at 590 CRC to one USD. Currently, the Colon is trading at approximately 570 CRC to one USD skype for business herunterladen.

In terms of agricultural production, one of Costa Rica’s most important agricultural products is pineapples. Within the country, the two most important provinces for pineapple production are Alajuela to the north and Puntarenas in the southwest kostenlos spieleen minecraft. Furthermore, the province of Puntarenas is a home to major plantations belonging to the global pineapple giant, Del Monte. Meanwhile, coffee production takes place throughout the central provinces of the country along fertile valleys of the volcanic mountain range Do not firefox pdf view.

Pineapple Production and Markets in Central America

In 2016, Costa Rica exported 53% of its fresh and dried pineapple exports, valued at US$477 million, to the United States herunterladen. Similarly, Costa Rica’s second most important destination for pineapples was Europe, accounting for 45% or US$407 million. Within Europe, the main importers of Costa Rican pineapples in 2016 were the Netherlands (13%), Spain (7.1%), Italy (7.0%), and Belgium (6.9%) gimp kostenfrei herunterladen. In terms of production, the cultivation of pineapple in Costa Rica increased from 200 hectares in 1961 to 43.000 hectares in 2016. Likewise, total production of Costa Rican pineapples increased from 3.500 metric tons in 1961 to 2.93 million metric tons in 2016 filius kostenlos herunterladen.

Costa Rica’s southern neighbor, Panama, is also a stable economy and a pineapple-producing nation. In the case of Panama, its national Balboa currency was first minted in 1904 and has ever since been pegged to the US dollar (USD) at an exchange rate of one-to-one alle bilder aus google fotos herunterladen. Furthermore, in recent decades, the US dollar (USD) has been circulating freely in Panama alongside a small amount of Balboa currency, given their par value real racing 3 herunterladen. The vast majority of transactions in Panama are executed in USD and the ease of currency exchange boosted Panama’s reputation as a well-respected international business center, which offers all kinds of services and opportunities to major corporations, banks, and legal offices, both North American and European.

In Panama, pineapple harvesting increased from 750 hectares in 1985 to 2.200 hectares in 2016. Similarly, total pineapple production increased from 3.900 metric tons in 1961 to 100.084 metric tons in 2016. During 2016, Panama exported a total of US$14.2 million worth of fresh and dried pineapples. That year, Panama’s main market was Europe, which accounted for 62% or US$8.75 million of the total. Within Europe, the major importers of Panamanian pineapples are the Netherlands (31%), Spain (11%), Germany (6.5%), and the United Kingdom (6.4%). In 2016, the United States purchased 17% or US$2.4 million of Panama’s total pineapple exports.

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