Purchase of Citibank El Salvador AuthorizedThursday, June 9, 2016 The Superintendence of Competition has authorized the Honduran company Imperia Imperia Intercontinental and Inversiones El Salvador to buy from Banco Citibank, five of its subsidiaries, Seguros e Inversiones, and Cititarjetas. From a statement issued by the Superintendency of Competition in El Salvador: Guatemala, India and the Price of CardamomTuesday, April 8, 2014 Guatemalan producers are selling their production on the global market at $12 - $12.5 per kilo, while India is offering its produce at $14 - $14.5. Cardamom exports from India, the second largest producer of the seed after Guatemala, have been negatively affected by the actions of Guatemalan producers, who held back their supply while prices in India were low and waited for them to go up before selling on the market at more competitive prices. Fertilizer Market: Main Competitors in GuatemalaThursday, January 17, 2019 In the fertilizer business, it is estimated that Yara, Nitratos de Guatemala, Tigsa Fertilizantes and Grupo Fert account for close to 20% of the market share. Data from the interactive platform "Guatemalan Business Information," compiled by the Business Intelligence Unit at CentralAmericaData, includes details on company information by sector, main activity, volume and value of imports, exports and other relevant data. Smuggled Coffee From Honduras to GuatemalaMonday, April 21, 2014 Honduran businessmen estimate that a million quintals of grain have been illegally trafficked into Guatemala in recent months. The reduction of the grain harvest in Guatemala caused by the rust plague intensified the problem, exacerbating a situation which is already well known among producers and exporters of Honduran coffee. Guatemala Wins Lawsuit Against PeruTuesday, July 21, 2015 The WTO found that the price band that Peru applies to imports of sugar, rice, corn and some dairy products is inconsistent with the agreements of the organization. From a statement issued by the Ministry of Economy of Guatemala: Guatemala: Increased Cardamom ProductionWednesday, March 18, 2015 After a difficult year because of the impact of the Thrips pest and declining international prices, at the end of 2014 $240 million were generated in export earnings. With the annual increase of 10% in production, Guatemala maintains its global market lead in cardamom sales. According to the Guatemalan Exporters Association (Agexport), since 2005 they have increased their sales by up to 241%. Guatemala to Export Vegetables to RussiaMonday, October 28, 2019 In October, the company Frutas Tropicales de Guatemala made the first shipment of Chinese peas and sweet peas to the Russian market. This is the first shipment of fresh vegetables from Guatemala to the Russian market. Guatemala: Fruit Exports Up 13%Friday, June 24, 2016 In the first quarter of 2016 sales of fresh, dried and frozen fruit were up 13% compared to the same period in 2015. The union of exporters reported that the product which had the largest increase was bananas, whose sales abroad grew by 62%. Guatemala: Exports of Cardamom Up 15%Thursday, September 3, 2015 A rebound in prices late last year meant that between September and June exports ascend to $235 million, 15% more than in the same period in the previous harvest. Although there was a reduction in export volumes, the increase in international prices favored exporters of the fruit, who asserted that they sold "... about 30,800 tons between September 2014 and June 2015." The Competitive Sugar Industry in GuatemalaWednesday, February 18, 2015 With a yield of 12.2 tons per hectare, the industry produced 2.8 million metric tons in the 2013/2014 harvest, generating $1.13 billion for the production of sugar, alcohol and molasses. During the 2013/2014 harvest a total of 1.9 million metric tons (MT) of sugar was exported, of which 162,000 were sent to Ghana and Tunisia and 45,000 to China. Guatemala currently ranks third in sugar yield, competing with Colombia and Swaziland, which are in first place with 14.6 and 13.9 tons per hectare, respectively. Chile Authorizes Mango Imports from GuatemalaMonday, May 2, 2016 Guatemalan mangos that have had hydrothermal treatment may be exported to Chile, following approval of an import protocol negotiated with the Andean country. From a statement issued by the Ministry of Foreign Affairs: Mango: Exports Expected to IncreaseThursday, March 28, 2019 In 2018, Guatemala sold abroad 18 tons of mango, equivalent to $10 million, and by 2019 businessmen expect to achieve an increase of between 10% and 15%. According to producer data, the main destinations for Guatemalan fresh mango exports are the U.S., Canada, Europe and Chile, but they expect the increase in sales to result from greater demand from the European and Canadian markets. Guatemala to Participate in FOODEX 2014Tuesday, July 16, 2013 Guatemalan businessmen are being encouraged to participate in the 39th edition of FOODEX 2014, in Japan. From a press release issued by the Guatemalan Association of Exporters (AGEXPORT): Potential for Guatemalan CocoaTuesday, August 20, 2013 Despite growing international demand, Guatemala harvests just enough cocoa for its internal consumption. "Recently we brought in European experts in cocoa and chocolate, who found that Guatemala cocoa has some indication of having valuable genetic material. Based on that, we are backing this sector and we want to encourage public, private and academic entities to work together to grow more cocoa, but not only with the intention of exporting the grain but also to produce chocolate, " said the director of the Agricultural Sector of the Guatemalan Exporters Association (Agexport), Ricardo Santacruz. Agriculture: Opportunities and Challenges for GuatemalaThursday, October 22, 2020 Although more than 140 agricultural products have access to the U.S. market, only 70 are currently shipped by local producers, which is partly explained by low production capacity and lack of quality. According to studies conducted by Central American Business Intelligence (Cabi), Nebraska, District of Columbia, Maryland, Hawaii, Tennessee, Illinois, Mississippi, Maine, Kansas and North Dakota are the states with the greatest potential to take advantage of market opportunities. |
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