For the 2010-11 harvest, which begins in late November, the projected target was 9.8 million quintals of which 32% was for export.
"Only sugar producer Choluteca, reported in September 3,000 flooded hectares, La Grecia 4,000 hectares, Azucarera del Norte 3,000 hectares and in the case of Compañía Azucarera Hondureña y Chumbagua about 1,000 hectares," reports Latribuna.hn.
Sector producers attribute the growth to increased global demand. The goal is to produce 2.3 million tons by May.
The Guatemalan Sugar Association (Azasgua) stated that sugar exports increased by 19.25% in the last harvest. The estimate was made from November 1st, 2011 (start date of the harvest) to January 8th, 2012.
In the last twenty years the sugar industry has been growing at an annual rate of 11%, contributing to 3% of gross domestic product.
According to statistics from the Bank of Guatemala, in 2011 sugar exports accounted for 6.2% of total exports from the country.
The 2011-2012 harvest was very favorable achieving record production of 54.3 million quintals and estimates for 2012-2013 are for 55 million quintals, said Armando Boesche, manager of the Sugar Association of Guatemala (Asazgua).
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