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El Salvador’s food manufacturing sector has kept a fast pace in terms of increasing production levels. Food manufacturers took the challenging environment caused by the pandemic as an opportunity to evolve and add new items to their food lines.

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 report provides initial analysis and a courtesy translation of El Salvador’s Transitory Law to Combat Price Inflation in Basic Products, published March 11, 2022, with an import duties comparison added for reference.