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Economy & Business - May 2020

CENTRAL AMERICA: Palm oil industry seeks to turn a page

Given its land area, the fact that Guatemala ranks first among Latin American countries on the US Department of Agriculture (USDA) list of the world’s top palm oil exporters might come as a surprise. USDA figures released in February 2020 show that over the last three years, Guatemala shipped over 800,000 tonnes (t) of the oilseed ubiquitous in consumer goods in a trade worth over US$400m a year.

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