The union of producers has estimated crop production for 2016/17 at 12 million hundredweight, slightly above the results seen in the previous season.
Of the total that the Association of Sugar Producers of Honduras (APAH) estimates will be produced, 70% will go to the local market, and the remaining 30% will be for export, from which it is expected that $100 million will be earned.
In October 2017 production limits and the "out of -quota" production concept will eliminate for the manufacture of biofuel and industrial non-food products.
The current production quota for sugar according to the European Common Agricultural Policy (CAP), which applies to the 28 countries in the bloc, is 13.5 million tons per year.The production capacity of sugar producers in the European bloc is higher than the quota, therefore eliminating production limits will lead to a lowering of prices due to excess supply, similar to what has already happened in the milk market following the elimination of production quotas.
Increased acreage did not offset the effects of drought which caused a 11% drop in production in 2015/16.
In the 2015/16 season productivity fell by 16% compared to the previous harvest, going from 1,524 hundredweight per hectare in the previous harvest to 1,273 hundredweight per hectare in the current one.
Aside from these results, the Nicaraguan sugar industry estimates that the results of the next harvest will be better because of the projected increase in rainfall over the coming months.
Maquila Lama has denounced the Agricultural Industrial Cane League for "pressuring wholesale businesses to remove" the product that the importerdistributes.
In a statement the company Maquila Lama says that"... for several days notices have been received from stores that sell the Mr. Maximus brand of sugar, in which it was indicated that sales representatives from LAICA have come to offer better conditions such as providing credit and transportation of the product to their outlets, among other things, with the condition that they stop selling Mr. Maximo sugar on their premises. "
An option being studied by the government to include vegetable oil and sugar in the list of price-controlled commodities has been rejected by the business sector.
Citing significant increases in the prices of both products, the government announced it would not rule out the possibility of including them in the list of regulated commodity prices, a measure which was first implemented at the beginning of the Varela administration.
Estimates are that the future prices of sugarcane will increase by up to 13% due to drought in Brazil, which in 2013 accounted for 28% of global production of the grain.
A shortfall in global sugarproduction and consequently higher grain prices is what is seen in the medium term in the global agricultural market. The effects of climate on sugarcane crops in Brazil have resulted in a decline in the production of the world's largest producer.
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 exports to South Korea and China have increased by 185% and 382%, respectively.
Details from the Guatemalan Association of Exporters (Agexport) show that South Korea and China are the two Asian countries with the most products sales from the Central American nation, with honey, sugar and shrimp being the main exports.
The new investment was made in a new specialized facility for the production of liquid sugar located in Alajuela.
Ana Cristina Camacho wrote in the El Financiero website: "The new Laica facility joins the existing industrial complex in El Coyol, Alajuela, which has experienced rapid growth in real estate investment for industrial, manufacturing and commercial use in the last few years.