Growing Sales of Guatemalan Sugar to Asia

The volume purchased by China in the recent harvest is equivalent to that acquired between 2005 and 2011.

Thursday, January 23, 2014

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.

Following China is South Korea with 273,723 MT and a 13% share, and Taiwan which bought 88,902 MT, a 4.65% share.

"Last year was the most important in terms of sugar sales to the Asian continent," said Armando Boesche, manager of the Sugar Association of Guatemala (Asazgua).

"The foreign trade statistics up to late November provided by the Bank of Guatemala state that earnings from the sale of this product to China was $153.7 million.

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Guatemala: Sustained Growth in Sugar

September 2012

In the last twenty years the sugar industry has been growing at an annual rate of 11%, contributing to 3% of gross domestic product.

According to statistics from the Bank of Guatemala, in 2011 sugar exports accounted for 6.2% of total exports from the country.

The 2011-2012 harvest was very favorable achieving record production of 54.3 million quintals and estimates for 2012-2013 are for 55 million quintals, said Armando Boesche, manager of the Sugar Association of Guatemala (Asazgua).

Guatemala: Sugar Production Up by 22.7%

June 2012

In the 2011-2012 harvest, completed this month, a "historical record" of 54,330,445 quintals of sugar was harvested.

"It's a record", proclaimed Armando Boesche, general manager of the Sugar Association of Guatemala (Asazgua).

The union leader attributed the good performance to weather conditions which "for the current crop were favorable".

Sugar Harvest Begins in Guatemala

November 2010

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).

Guatemalan sugar cane mills expect record harvest

November 2008

Armando Boesche, Manager of the Guatemalan Sugarcane Farmers Association, affirmed that the 15 mills in the country are expecting a record of more than 48 million quintals (sacks) of sugar.

The last harvest was lower due to the lack of light that affected the plantations in addition to the low production in new areas.

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