AGP Executive Report
Last update: 6 hours agoFuel Costs: Diesel has more than doubled in Panama since January, rising 103% to $1.54 a liter from Oct. 30. The higher cost puts pressure on freight, food distribution, farming and other fuel-dependent businesses; a government subsidy of up to $100 million is intended to offer partial relief. Power Link: The $800 million Panama-Colombia electricity interconnection moved closer to completion after two Indigenous territories approved the project’s consultation process. Approval from Alto Bayano is still needed. Mining: First Quantum reported stronger third-quarter results and said all three processing trains at Cobre Panamá were brought online to process stockpiles. The company welcomed a government commission recommendation and said it is ready to engage on a resolution. Resort Infrastructure: Red Frog Beach is planning an additional 1.2 MW of solar capacity and 2.4 MWh of battery storage, subject to regulatory approvals, alongside upgrades to water and wastewater systems. Banana Supply: Chiquita warned that costs and weather risks could cut marketed volumes and push banana prices higher in 2027, with dry conditions around the Panama Canal basin among the concerns.
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