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El Salvador’s economy shows signs of crisis

San Salvador, Sep 8 (Prensa Latina) The economy of El Salvador today shows signs of crisis, now with the fall of sugar production to minimum levels in the last 10 years.

Afflicted by a deflation process that does not reflect a decrease in prices and on the contrary, an increase in the cost of the basic food basket, a high public debt and contraction of other indicators, the local economy shows a decline in one of its basic productions along with coffee and grains.

Producers state that the 2024-2025 harvest was the lowest in a decade, mainly due to the incidence of rains that prevented care such as fertilization of the fields.

The final harvest report, quoted by the newspaper El Mundo, and prepared by the Salvadoran Sugar Agroindustry Council (CONSAA), states that production closed at just over 14.93 million quintals of sugar (one million 493 thousand tons).

In numbers, this meant a drop of 1.45 million quintals compared to the 16.39 million obtained in the 2023-2024 cycle, or eight percent less.

The sweet production ended below the guild’s projections of 16 million quintals (one million 600 thousand tons), the lowest result since the 14.11 million quintals of the 2015-2016 harvest.

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