'Sham' Nicaraguan Elections Expected to Slow US Ag Exports
Although U.S. agricultural exports to Nicaragua soared to “new heights” this year, the country’s illegitimate presidential elections in November could “derail” future agricultural trade, USDA's Foreign Agricultural Service said Dec. 14. U.S. agricultural exports through September 2021 were up 84%…
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compared with the same period in 2020, specifically due to strong export surges of wheat, corn, soybean meal and rice. But USDA said “deteriorating economic conditions” in Nicaragua following the recent “sham’ elections “will negatively affect sales up and down the supply chain.”