The following excerpt is from a March 9, 2010 article published by Commodity Online. Click here to read the article in its entirety.
GUATEMALA CITY (Commodity Online) : Central American republic of Guatemala said its sugar exports to neighbor Mexico surged to close to 200,000 metric tons this fiscal.
According to Guatemalan Sugar Growers Association, this compares to last year where Guatemala didn’t export one single ton of sugar to Mexico from the 2008-09 harvest.
The surge in Guatemalan sugar shipments to Mexico comes as Mexico’s 2009-10 harvest has fallen behind the year-ago pace by more than 15%, widening the local supply shortage created by Mexico’s harvest last year that also ended sharply below expectations…
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