Worldwide Sugar Rise Stimulates Exports

Sugar prices in international markets keep going up, for the benefit of sugar production companies.

Tuesday, August 18, 2009

India's poor output, and the fact that Brazil and Colombia are using sugar for ethanol production, are the main drivers for the increase in the price of the commodity.

"Futures prices will hold, and eventually stabilize at $0.16", said Mario Yarzebski, from the Guatemalan Sugar Growers Association.

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Guatemalan Sugar Diversifies its Markets

May 2014

Angola and South Africa are among the countries in the export plan for the 62 million quintals of sugar from the harvest projected for 2013/14.

The African market for sugar produced in Guatemala is being expanded with allocation from the 2013-14 harvest of 31,000 metric tons (MT) for Angola and 27,500 MT for South Africa, making the number of countries in the continent importing Guatemalan sugar now total 5.

Guatemala: Sugar Exports Up 9%

July 2013

So far this year 37 million quintals of sugar have been exported, keeping pace with increasing global demand.

Statistics from the Sugar Association of Guatemala (Asazgua) indicate that the export season ending in October, could close with growth of 10% compared with 2012 sales.

Current Situation of Nicaragua's Sugar Sector

April 2013

Productivity has been increased through a continuous production system and added to the production of sugar are alcohols, ethanol, molasses and electricity.

While India and Mexico (largest sugar producers in the world), have opted to reduce consumption areas for sugarcane cultivation due to a fall in prices, Nicaragua is to establish a new record to produce up to 15.5 million quintals in the 2012-2013 harvest which ends in the coming weeks.

Sugar Growers Expect 48 Million Quintals Harvest

November 2009

Guatemala's sugar growers expect to harvest 48.5 million quintals in the 2009/10 period.

Mario Yarzebski, spokesperson for Asazgua, the association of sugar growers of Guatemala, remarked that these projections are conservative, and that in general terms they expect similar results to 2008/09.

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