No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchivePalmito Exporter Eyes Chilean Market

Palmito Exporter Eyes Chilean Market

COSTA Rican heart-of-palm(palmito) exporter Demasa says it’s readyto again earn a place in the hearts ofChilean consumers.Demasa is confident lower tariffs as aresult of the Costa Rica-Chile Free-TradeAgreement and higher international heart-of-palm prices will enable the company toconquer 50% of the Chilean market withinthe next five years.Chile is one of the world’s top fiveconsumers of heart of palm. Last year itimported 160,000 crates of the product.Demasa resumed heart-of-palmexports to Chile last year after a five-yearabsence. Last year, the company senteight containers to Chile. This year itplans to send 20 containers.Costa Rican heart-of-palm exportshave been suffering since 1998 – the yearEcuador started exporting the product.High tariffs, Ecuador’s proximity to Chileand low international prices drove CostaRican heart-of-palm exporters out of theChilean market.The situation has changed, accordingto Philippe Balayer, sales manager forDemasa.“The prices have evened out, theincrease in trade between both countrieshas improved transportation conditionsand there is no longer a tariff on ourexports,” Balayer explained.Last year, Costa Rican heart-of-palmexports totaled $20.9 million. Costa Ricaexported $22,935 worth of heart-of-palmto Chile in 2003, down from $134,188 in2002.

Trending Now

Costa Rica Begins Measles Vaccination Drive Due To Recent Surge

Costa Rica's Ministry of Health has rolled out a nationwide vaccination campaign against measles following a marked increase in cases across the Americas. The...

Cow Wrangling and Camera Trapping in Costa Rica

I had just successfully reviewed the first four of five camera traps in a sleepy little town tucked into a rich valley bordering the...

Cuba Baseball Team Lands in Nicaragua for Prep Series Amid Visa Shift

The Cuban national baseball team has arrived in Nicaragua for a four-game exhibition series starting tomorrow, overcoming recent visa requirements and flight disruptions to...

Costa Rica Cracks Down on Alleged Violations in Coris Wetlands

Authorities in Cartago carried out raids on Tuesday in an ongoing probe into suspected harm to the Coris wetland. The Deputy Environmental Prosecutor's Office...

Costa Rica’s Dollar Exchange Rate Hits 17-Year Low

The dollar's exchange rate against the colon dropped further today in Costa Rica's foreign currency market, known as Monex. Data from the Central Bank...

Costa Rica’s Vehicle Boom Fuels Worsening Traffic Gridlock

Costa Rica's roads face mounting pressure as the number of cars on the road expands at a rapid pace, outstripping infrastructure improvements and pushing...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica