Supply and Demand of Corn in Guatemala
While it is reported that official numbers on domestic consumption of corn are not consistent, it has been evident that supply in markets is beginning decrease.
Thursday, March 17, 2011
Agriculture Minister, Juan Alfonso, calculated at 25 million bushels of corn the yearly consumption of Guatemalans, another report from its own ministry indicates that consumption of the main ingredient in tortillas reaches nearly 32 million bushels per year.
The Economy Ministry will authorize the import of 82 tons of corn to ensure local supply.
Between 2011 and 2012 El Salvador spent $160 million on the purchase of white maize, despite having the best performance per hectare of grain in the region.
The production of both grains will be around 37.5 million and 5 million quintals respectively, therefore the MAGA is able to guarantee the supply for domestic consumption.
Corn prices continue to rise in Guatemala, reaching $ 22.5 per quintal.
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