Rise in shipping costs change destination of exported Guatemalan sugar.
The high cost of transportation from Guatemala to markets in Asia, Australia and Africa has displaced national sugar exporters, who increased their exports to the EU and the Caribbean.
Monday, August 18, 2008
Sales to the Far East and Australia dropped from 30% for the period from November 2007 to July 2007, to 13.2% for the current harvest.
The accelerating rise of fuel prices has passed through to increase the cost of operating maritime fleets.
Maritime shipping rates for cargo have no gone down despite the reduction in the price of oil on the international market, according to importers and exporters.
Starting from May 15, rates will be raised on goods transported to the Far East, the Middle East, the Indian subcontinent and the East Coast of South America.
The rise in logistics costs has a higher impact on businesses who export fresh produce.
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