After an 11% reduction in the output between 2015 and 2016, last year production totaled 9,641 million barrels, 7% more than the figures in 2016.
Due to the age of the wells operated by the company Perenco, according to figures from the Ministry of Energy and Mines, the national production of crude oil between 2010 and 2017 "...
In contrast to the forecasts of reduced fish resources, an increase in production of mollusk in the region has been projected.
In the region there are about 150 thousand artisanal fishermen of which about 2,500 are devoted to the cultivation of oysters, especially in Costa Rica and El Salvador. Although it is a small amount the Organization of Fisheries and Aquaculture in Central America (OSPESCA) argues that the idea is to create a new alternative.
At the end of the 2012-13 total production from the harvest was 60.049 million quintals of sugar, which is 2,782,000 metric tons.
The harvest that has just concluded, grew by 11% compared to the period 2011-12, when the production reached 54.033 million quintals (2,499,000 metric tons).
According to Armando Boesche, general manager of the Sugar Association of Guatemala (Asazgua), climatic conditions during the last six months "were appropriate, as there were more daylight hours in the time of greatest growth for sugarcane" .
Honduran melon production for the 2012-2013 harvest is set to perform better because of improved farming practices, which producers hope will translate into increased exports for the country.
A statement from the Costa Rica Foreign Trade Promotion Office reads:
Medardo Galindo, head of Honduran agricultural exporters, explained that "we are expecting an increase of up to 5 and 10% of production, which will mean the country will see an upward curve in production", while in the 2009-2010 harvest 1.100 boxes were exported, in the following period the number rose to 1,300, he also added that if the sanitary and phytosanitary problems, which are being managed, had not occurred, the expansion of production could have been higher.
The lack of rain has benefited the Guatemalan shrimp sector, which projects this year a production of 7 million pounds, up 20% over the last two years.
Gabriel Biguria, Acuamaya’s company manager said, "In 2010 we suffered losses of 25 percent and last year, 20 percent because of the rains, whereas this year we expect normal production without any losses."
In 2002 it exported $31 million worth, which 10 years later quadrupled, amounting to $123.6 million in exports in the first 5 months of 2012.
According to the Guatemalan Association of Exporters (Agexport) the main export destinations for Guatemalan rubber are the United States, Mexico and South America, with Colombia being the only other Latin American exporter.
Economic activity in Guatemala in 2011 was driven by growing demand in certain sectors and a growth in remittances.
The recovery of the economy and an increase in remittances in 2011 supported a boom in household consumption. Statistics from the Tax Authority (SAT) reflect a positive change in the behavior of demand for some products, reports Elperiodico.com.gt.
The new Minister of Energy and Mines intends to encourage the development of the mining sector in order to reach 50 thousand barrels per day.
Oil production in Guatemala has declined from 25,000 barrels to 10,000 barrels per day, admitted Minister of Energy and Mines, Erick Archer, who aims to promote an ambitious plan to boost oil output and reach 50 thousand barrels per day within 4 to 5 years.
The level of global sugar prices will depend on the resilience of Brazil's 2012 crop, which in 2011 fell for the first time in 10 years.
In 2010/2011, the Brazilian sugar crop fell for the first time in 10 years, causing a drop in world sugar prices. Forecasts for the recovery of Brazil’s high production levels are mixed.
Ivan Melo Filho, director of Raizen, a joint venture between the Brazillian company Cosan and Royal Dutch Shell, said they expect cane production in south-central Brazil this year to be about 535 million tonnes, given the maintenance work and replanting in the area.
49% of the surveyed businessmen plan to increase production in the next 6 months, while 15% plan to reduce it.
The latest business survey conducted by research association ASIES among 878 companies gives "positive, but not sufficient signals" of economic recovery, according to survey coordinator Violeta Hernández.
"Despite improved businessmen confidence, the job market won't recover soon.
Cacao harvest and production in Guatemala has dropped 75% in the past 10 years.
Cacao production was 4.000 tons in 1999, but has dropped to 1.000 since then, stated Roberto Deleón, president of the National Cacao Association (Anakakaw).
"One of the reasons behind this reduction ... was a drop in international prices. This forced producers to migrate to other crops", explained Deleón to Sigloxxi.com.