The volume purchased by China in the recent harvest is equivalent to that acquired between 2005 and 2011.
In the 2012-13 harvest, three Asian countries purchased 673,843 metric tons (MT) of sugar, equivalent to 35% of the country's total export crop. China bought 341,218 MT giving it h a 20% share, which is equivalent to the amount it acquired from 2005 to 2011, which was 311,073 MT.
Producers anticipate a production of 50.8 million bushels for the harvest beginning in November.
According to information from the Guatemalan Sugar Association (ASAZGUA in Spanish) production for the harvest beginning in November will exceed the production of the 2010-2011 harvest by 6.3 million bushels.
Projections estimate 6 million fewer bushels from the current crop in relation to 2009/2010.
Armando Boesche, manager of the Sugar Association of Guatemala (ASAZGUA), stated that because of excessive rainfall over the winter, which affected about 12 thousand hectares of sugar cane, production will drop to 12.5 %.
With an estimated production of 48.4 million bushels, the 2010/2011 harvest begins next Monday.
The estimated production for this crop is lower than that of 2009-2010, which was 50 million bushels, due to excessive rains, according to information from the Sugar Association of Guatemala (ASAZGUA).
The impact of the rain on 12k hectares is expected to cause a 2.5 million hundredweight drop in sugar production.
Armando Boesche, general manager of the Association of Guatemalan Sugar Producers (Asazgua), indicated that the 2010-11 sugarharvest is forecast to be 48.4 million hundredweight, 5% less than in 2009-10.
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.
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.
According to information from the Sugar Association of Guatemala (Asazgua), there is a similar trend in sugar sales to the Middle East, North Africa, Western Europe and the Indian subcontinent.
As part of the Agritrade Platform, Guatemala will participate for the 27th time in PMA Fresh Summit, the most important international trade show and convention of fruits and vegetables in the United States, which will take place at Anaheim Convention Center, California from October 17th to 19th.
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