TODAY NICARAGUA – Increasing the amount of land planted, consolidating markets where there is already a presence and exporting cigars to China are part of the tobacco industry’s goals for 2015.
It is expected that in 2015 tobacco exports will grow by 5% and reach new markets such as those in China, Morocco and other Middle Eastern countries, where it is estimated that cigars would be very well received. These new destinations would join the 79 countries where sales are already being made. In 2013 total exports amounted to $227 million.
Elnuevodiario.com.ni reports that “… In terms of investment, the idea is to gradually increase the amount of land planted with tobacco in the country. Currently, it is estimated that there are about 10,000 hectares grown in that category in the country.” Regarding this Nestor Plasencia, president of the Nicaraguan Association of Tobacco, stated “… assessments are being made of land for tobacco cultivation in the area of Valle de Pantasma, among other areas. ”
He added, “… One market of interest is China, because it is a country where there is little presence. Several of the companies in the association are interested in increasing this market. ”