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Country Briefs

  Nicaragua

Reference Date: 21-June-2017

FOOD SECURITY SNAPSHOT

  1. Cereal production in 2017 officially forecast to remain at high level

  2. Cereal imports expected to decrease in 2016/17 marketing year

  3. Prices of white maize and beans in May remained well below year earlier levels

Cereal production in 2017 officially forecast to remain at high level

Planting of the main 2017 cereal “de primera” season, mostly maize, is ongoing and will be finalized soon. Good weather conditions and continued support from the Government through the distribution of seeds and fertilizer are anticipated to encourage greater maize plantings. Official forecasts anticipate an almost 2 percent increase in sowings and a maize output of 416 000 tonnes. By contrast, sowings of sorghum have been forecast at a sharply reduced level, as farmers have diversified to other crops. Assuming normal weather conditions during the ongoing “de primera” season and for the rest of the year, official forecasts for the country’s 2017 overall cereal production point to an output of 835 000 tonnes, some 5 percent below last year’s high level, mostly due to the anticipated decline in sorghum output, but well above the country’s five-year average.

Cereal imports expected to decrease in 2016/17 marketing year

Cereal imports in the current 2016/17 marketing year (September/August) are expected to decrease by 4 percent from the previous year reflecting the strong recovery in 2016 cereal output, in particular maize. However, firm imports of wheat are anticipated to maintain aggregate cereal imports above the five-year average.

Prices of white maize and beans in May remained well below year earlier levels

Prices of white maize and red beans in May significantly declined and were well below their year earlier levels pressured downward by supplies from the recent third season harvest concluded in March and overall good 2016 outputs.