Sugar Price Skyrockets in Guatemala

Sugar prices have increased 56% so far 2010, from $0.30 per pound to $0.47.

Tuesday, March 9, 2010

Armando Boesche, head of the Sugar Growers Association of Guatemala (Asazgua), explained the increase as a way to prevent the product from being transferred to Mexico.

Despite the fact that prices have increased and that exporters have repurchased contracts, the Economy Ministry does not rule out additional measures to address the shortage of sugar in the country.

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