Guatemala: Sugar Annual
Link to report:
In marketing year (MY)2024/25, Guatemala is forecast to produce 2.4 million metric tons (MT) of sugar from a harvested area of 242,000 hectares (Ha). Though harvested area is increasing as positive sugar prices in the international market motivate producers to keep up renovation with improved local genetics, overall production is forecast to drop four percent for the estimated harvest of MY2023/24 (2.5 million MT), due to a late start to the rainy season and an extended El Niño year. Stocks in MY 2024/25 will drop to 131,000 MT, to secure supply for the domestic consumption, which has been revised up to 1.2 million MT, following rapid growth and expansion of the food and beverage sector; exports will drop proportionally.
