Guatemala: Beans reach Record Prices

Black bean prices have increased 11% since January, reaching $ 67.6 per quintal, the highest price over the last five years.

Wednesday, March 9, 2011

Compared with February 2008, the price increase is 83%.

"The main factor pushing the price upward is the shortage of local inventories in many regions since December 2010," reported Diario de Centro America.

The increases are also attributed to variability in rainfall, associated with the effects of climate change.

More on this topic

Price of Basic Grains Goes Up in Guatemala

May 2013

A quintal of white maize increased by $0.64 compared to March, while for black beans the increase is $0.39 per quintal.

According to the United Nations Food and Agriculture Organization (FAO), because the harvest of white corn has ended, the grain is trading at $15 per quintal, while black beans are $48 per quintal.

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”.

Global Food Prices Continue to Rise

November 2010

FAO anticipates that recent rise in food commodity prices will continue and that future consumers will pay more for their food.

In its "Food Outlook", November 2010, the World Food Organization points out that its price index rose 34 points (+20%) between June and October, near the historical record of June 2008.

Nicaragua Will Plant 70,000 Ha of Beans

October 2010

Domestic producers are seeking to reverse the shortage of grain present in the country and the region.

In the coming weeks, 70,000 hectares of beans will be planted, so that there is sufficient inventory starting December. reports, "Nicaragua and other countries in the region face a severe shortage of red beans, as rains in the last month damaged crops and grain exporters prioritized their foreign sales.”

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