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Exchange rate takes vengeance on Guatemala’s boom in sugar and coffee earnings

Monday, February 7, 2011


Prices of Guatemala’s top-quality coffee have reached their highest level for 14 years in New York.

Sugar prices have also hit their highest in three decades, at 30 US cents a pound.

However, producers of coffee and sugar are unable to cash in fully on the bonanza. The strength of the quetzal against the dollar has undermined their earnings.

 

Original source (in Spanish): El Periódico