2013News

Looking for new markets for Dominican eggs

Research by the Center for Export and Investment (CEI-RD) has found that Aruba, Cuba, Jamaica, Trinidad, Turks & Caicos, Venezuela and Nicaragua are potential markets for the Dominican egg and chicken surplus, as reported in El Caribe. Of these countries, the DR only has a trade surplus with Cuba and Turks & Caicos.

The Haitian government has now banned all trade in eggs and chickens. The latest explanation is that the Haitian government wants more taxation and has difficulties policing the informal trade. Given the excess installed capacity for egg and chicken production, CEI-RD is seeking new markets.

Research published in El Caribe shows that Venezuela seems to be the most attractive market for egg imports. Last year Venezuela imported US$31.6 million worth of eggs. The Dominican Republic has a negative trade balance with Venezuela, US$3.48 billion, with Dominican exports to Venezuela only accounting for US$188.5 million last year, and imports totaling US$3.64 billion.

The DR could also increase efforts to sell to Trinidad, another country with which the DR has a large trade deficit at US$1.99 billion. The DR purchases natural gas from Trinidad and sold chicken parts worth US$23.1 million to Trinidad.

Deputy Pelegrin Castillo, president of the Chamber of Deputies maritime commission, says that the government should promote the creation of a maritime fleet to export food products to the Caribbean islands.

www.elcaribe.com.do/2013/07/05/comercio-con-paises-comprarian-pollos

http://elnuevodiario.com.do/app/article.aspx?id=336030