The following excerpt is from a February 25, 2010 article pubished by The Guatemala Times. To read the article in its entirety, please click here.
Guatemala – The green Gold of Guatemala is Cardamom. 23,000 tones of cardamom are cultivated in Guatemala annually.
This makes Guatemala the world’s largest exporter. Guatemala’s cardamom production sets the prices in the global market. When the production of Cardamom decreases in Guatemala, the prices on the international markets go up. Guatemala exports its entire crop to the Middle East where cardamom is used as an ingredient in drinks and food. When the quality and quantity of the spice from Guatemala drop, global prices climb.
United Arab Emirates, Saudi Arabia, Singapore, Pakistan, Jordan, Syria and Kuwait consume Guatemala’s “green gold”…
Click here to read the rest of the article, or here to read more articles related to the Guatemalan economy.
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