Heavy rains from last year caused $ 2 million in losses, generating shortages and causing domestic market prices to soar.
"The Ministry of Agriculture and Livestock (MAGA) hopes the next harvest, which is due to begin in March, will produce 35 million bushels, enough to cover domestic demand, which reaches 25 million bushels and leaves a market surplus," reported the article in Elperiodico.com.gt.
Although a slight increase in the volume of the current crop is expected, the deficit in meeting domestic consumption is, as in previous years, 5%.
An article in Elperiodico.com.gt reports that "Maga statistics indicate that the production of white maize has increased by 46% in the last six years, rising from 743 million quintals in 2006/07 to 1,080,000 for this year. "
The Purchase of 20,000 tons from abroad could reduce the price by up to 48%.
In order to increase the supply of corn and lower prices, the government has decided to authorize the importation of grain from countries with which they have trade agreements such as the U.S. and Mexico.
The Ministry of Economy has postponed until December 31 the deadline for duty-free imports of white maize.
The finance representative, Luis Velasquez ruled out grain shortage in the local market, justifying the measure by citing possible future events.
Prensalibre.com reported statements by the representative, "It's very difficult to lower prices by decree, and that cannot be done, therefore, we will make efforts to facilitate ways to get the product."
Receive more news about Exports & imports
Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.