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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.
The retail industry in Guatemala is strong and continues growing; the two largest supermarket chains continue expanding and opening new outlets in both the urban and rural areas of the country.