Guatemala: Sugar Annual
Link to report:
In marketing year 2022/2023, Guatemala is forecast to produce 2.6 million metric tons of sugar from sugarcane from a harvested area of 258,000 hectares. Total planted area has fallen 2 percent, but the sugar yields are forecast to increase now that half of the harvested area is planted with Guatemalan varieties with increased resistance to pest and diseases, lower water needs, and increased sugar recovery at the mills. Stocks in MY2022/2023 are forecast at 159,000 MT, after reaching significantly higher than normal stock levels during years 2020-2022. Total exports dropped 26% during MY2020/2021. Domestic prices were stable during CY2021 but have increased 10% as of January 2022.
