Managua, Nicaragua; September 27, 2016
During a press conference, the Presidential Delegate for Investments, Gral. Alvaro Baltodano announced the arrival of two major cocoa projects in the country, which amount to US$80 million.
MLR Group, one of the projects announced, is going to establish a cocoa plantation of up to 1,000 hectares and top-notch agroforestry systems in the North Caribbean Autonomous Region (RACN for its acronym in Spanish). The company is also planning to undertake the plantation of timber of high commercial value. In the future, the group contemplates the possibility of developing an additional project for the processing of cocoa. Randy Martin, partner at MLR Forestal, said that Nicaragua is probably the “best country for cocoa farming in the western hemisphere.” The investor said, “the country has a mixture of suitable conditions for the development of such projects.”