This was explained Mario Amador, general manager of the National Committee of Sugar Producers (CNPA). This would mean an increase of 8.9% compared to the 2012-13 harvest.

The official said that the harvest expected to generate revenues of $200 million, which would exceed the $180 million earned in the last cycle.

The projected growth of the current crop is based on the increase in the amount of land planted with sugarcane.

Elnuevodiario.com.ni reports: "The four mills that make up the sugar industry, Monte Rosa, San Antonio, Benjamin Zeledon and Montelimar, will harvest a total of 104,000 hectares in this period, higher than the 96,317 in the previous cycle ."

"There is a better crop yield expected because there was much more stable behaviour in the winter," said Amador .

Source: elnuevodiario.com.ni

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While India and Mexico (largest sugar producers in the world), have opted to reduce consumption areas for sugarcane cultivation due to a fall in prices, Nicaragua is to establish a new record to produce up to 15.5 million quintals in the 2012-2013 harvest which ends in the coming weeks.

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Encouraged by the prospect of higher prices due to a reduced harvest in other regions, two Nicaraguan sugar producers want to increase their sugarcane growing areas by 5,000 hectares.

The Montelimar and Benjamin Zeledon mills want to buy up to 5,000 additional hectares of land to grow sugarcane in the 2012-2013 cycle, which would allow production to increase to 14 million quintals, according to estimates.