$15 Million for Honduran Coffee Growers

©image: Kenneth Hong

The main objective of the program is to assist coffee growers in improving the quality of their plantations.

Asterio Reyes, from the Honduran Coffee Institute (Ihcafé), explained that the funds would also be used to buy 100.000 quintals of fertilizers.

Source: hondudiario.com

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$50 Million For Salvadoran Coffee Industry

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The funds by BMI (Multilateral Investment Bank), are intended to reactivate coffee production.

A special credit line was created for coffee growers, producers, packers and exporters, as well as coffee societies and associations.

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Growers explained that banks are not using the special credit line created specifically for them by the Government, which is channeled through the Multi-sector Investment Bank (BMI).

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Honduran Farmers to Import Fertilizers

April 2011

The Coffee Institute confirmed a $ 7.8 million investment in the importation of agrochemicals for the 2011/2012 harvest.

Asterio Reyes, president of the Honduran Coffee Institute (IHCAFE), said that in anticipation of the direct impact the price of oil will have on the cost of chemicals, they will invest in the purchase of 100 million quintales of urea and 150 thousand quintales of improved formula to safeguard the 2011 -2012 harvest.