Guatemala: Corn Price Up 13% in a Week
Corn prices continue to rise in Guatemala, reaching $ 22.5 per quintal.
Tuesday, March 1, 2011
This is the highest price on record since 2007 and according to Luis Enrique Monterroso, from the food unit of the Human Rights Office “it is evidence that the price spike is not a result of speculation but of actual losses in this year´s harvest”.
FAO anticipates that recent rise in food commodity prices will continue and that future consumers will pay more for their food.
Black bean prices have increased 11% since January, reaching $ 67.6 per quintal, the highest price over the last five years.
The key to the global soybean market is China, which consumes 60% of world exports, and it is very likely to continue growing.
The increase in the price of local milled rice in 2011, has boosted imports.
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