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Guatemala continues to be a net importer of both yellow corn and rice. Corn area and production in MY2022/2023 are forecast to shrink one percent as some commercial farmers have decided not to plant corn given record high increases of more than 100 percent in fertilizer costs (mainly urea) and a nearly 90 percent increase in oil prices.
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.
This is an update of the 2019 report. In 2019, U.S. consumer-oriented products exported to Guatemala reached a record $567 million.
Guatemala’s GDP growth is expected to slow as a result of COVID-19. The agricultural sector’s participation in the national GDP is expected to drop from 13.5 to 9.7%.
On May 26, 2020, the Ministry of Agriculture of Guatemala eliminated the registration requirement for animal feed minerals that contain only one type of biomolecule ingredient.