Guatemala: Cardamom Exports Up 30%

The 2016/17 harvest closed with a total export amount of 29,700 tons, equivalent to $300 million in revenues, 30% more than in the previous season.

Friday, October 13, 2017

In the harvest that just ended, the improved revenue was achieved with a lower export volume, due to an increase in the international price. In the 2016/17 season, 38 thousand tons were exported and $230 million were generated. reports that "...As of August, a kilo of this green bean was quoted at US $10.32 (Q75.74), that is to say, 80.4 percent more than the value (US $5.72, Q41.98) it had in the same month in 2016, placing it in the seventh position out of the 25 main export products, according to Banco de Guatemala."

"... On the other hand, the amount sold up to August 2016 added up to 27 thousand 317.3 million kilos, while in the first eight months of this year producers only sold 22 thousand 491.5 million kilos. Domestic production, which covers 60% of world demand, is bought by countries such as the Arab Emirates, which absorbs 32%, Saudi Arabia (29%), Bangladesh (5%), Jordan (4%) and 17 more countries."

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