Costa Rica's largest dairy recently announced its acquisition of a Panama company, a move which could expand the market for U.S. dried distillers grains with solubles in Costa Rica.
According to an article by the U.S. Grains Council (http://bit.ly/…), Costa Rica-based Dos Pinos purchase of Nevada, a company producer of milk and fruit juices. The company has the capacity to process 100,000 liters of milk per day and controls approximately 70% of the Panamanian milk market. Dos Pinos has 500 product lines and exports approximately $84 million yearly to Central America, the U.S. and countries such as Trinidad and Tobago, Dominican Republic, Cuba, Aruba, etc.
The expansion of Dos Pinos could increase the Panamanian dairy sector demand for U.S. DDGS, as Dos Pinos has been a key partner with the council in promoting DDGS in Costa Rica.
The acquisition is pending approval from Panama's Consumer Protection and Competition Authority, and if approved, could improve the country's milk industry and expand usage of U.S. DDGS.
Cheryl Anderson can be reached at Cheryl.email@example.com.
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