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.

In an article in Prensalibre.com the coordinator of the Food Unit of the Office of Human Rights, Luis Enrique Monterroso, explained that "according to estimates by the entity, corn production in Guatemala will not exceed 24 or 25 million bushels," and that "The lack of corn is already beginning to be noticed at the markets."

In order to be self-sufficient in supply of white and yellow corn, Guatemala should produce about 40 million bushels between the two varieties.

More on this topic

Guatemala: Domestic Supply of Maize and Beans Guaranteed

June 2013

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.

According to Carlos Anzueto, Deputy Minister of Agriculture, Livestock and Food, preliminary projections for consumption are in the order of 2.4 quintals per person per year (about 33.6 million quintals), and in the case of beans, per capita consumption is equivalent to about 30 pounds per year (about 4.2 million quintals).

Corn in El Salvador: Production and Import

April 2013

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.  

Even though in the last nine years El Salvador has recorded the highest average agricultural yield, data provided by the Economic Integration System (SIECA) reveals that in 2012, the country imported 83,231 tonnes of white maize.

Guatemala: Corn Price Up 13% in a Week

March 2011

Corn prices continue to rise in Guatemala, reaching $ 22.5 per quintal.

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”.

Guatemala to Import White Corn

February 2011

The Economy Ministry will authorize the import of 82 tons of corn to ensure local supply.

The Ministry of Economy (Mineco) will conduct an open tender for the import quota.

Heavy rains from last year caused $ 2 million in losses, generating shortages and causing domestic market prices to soar.

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