Sugar: New Harvest, New Challenges

In a context of falling international prices, increasing production and improving efficiency are the main objectives of Guatemalan sugar producers for the 2019-2020 harvest.

Thursday, November 14, 2019

Official figures detail that during the 2018-2019 harvest the production of sugar in Guatemala reached 2.9 million metric tons, and for the current harvest that has just begun the harvest of a similar volume is projected.

International sugar prices have not been at their best for several years, a situation that has forced producers to adjust their processes in order to remain in competition.

Alfredo Vila, president of the Guatemalan Sugar Association and president of the San Diego group, told Prensalibre.com that "... the challenge they face today is to continue improving efficiency and try to consolidate all activities to remain competitive."

According to reports from CentralAmericaData, between 2012 and 2018 the average price per kilo of raw sugar exported from Guatemala reflects a clear downward trend, with a reported fall of close to 40%.

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More on this topic

Food: Global prices - April 2019

May 2019

In the fourth month of the year, the FAO food price index fell 2% over the same month in 2018, explained by the decline in prices of meat, cereals and vegetable oils.

From FAO's monthly report:

The FAO Food Price Index* (FFPI) rose in April 2019 to around 170 points, 1.5 percent (2.5 points) higher than in March and marking its highest value since June 2018.

Sugar: Prices and Impact on Central America

January 2019

The fall in international grain prices in recent years has increasingly affected producers in the region, who at current prices do not even reach the production costs.

Since years ago, international sugar prices have reported a clear downward trend, and in the last twelve months the quintal price registered a fall of 23%.

Global Food Prices in October 2015

November 2015

In October, the index of food prices recorded an increase of 4%, driven mainly by rising prices of sugar, vegetable oils and dairy products.

From the report by the Food World Organization:

The FAO Food Price Index* averaged nearly 162 points in October 2015, as much as 6 points (3.9 percent) more than in September and the sharpest increase since July 2012.

Global Food Prices in September 2015

October 2015

The prices of sugar and dairy products recovered in September, while other commodities remained slightly below the levels recorded in August.

From a statement issued by the Food and Agriculture Organization:

The FAO Food Price Index* averaged 156.3 points in September 2015, up one point from its sharply reduced August value, but still18.9 percent less than one year ago.

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