Guatemala: 12.5% Decrease in Sugar Production
Projections estimate 6 million fewer bushels from the current crop in relation to 2009/2010.
Monday, March 7, 2011
Armando Boesche, manager of the Sugar Association of Guatemala (ASAZGUA), stated that because of excessive rainfall over the winter, which affected about 12 thousand hectares of sugar cane, production will drop to 12.5 %.
The impact of the rain on 12k hectares is expected to cause a 2.5 million hundredweight drop in sugar production.
Producers anticipate a production of 50.8 million bushels for the harvest beginning in November.
In the last twenty years the sugar industry has been growing at an annual rate of 11%, contributing to 3% of gross domestic product.
Sector producers attribute the growth to increased global demand. The goal is to produce 2.3 million tons by May.
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