An increase in production and high international prices are two of the main reasons behind the growth of coffee exports.
In addition, the benevolence of the weather in recent months has also benefited the sector, which has covered some of the demand that would normally be served by coffee producing countries such as Colombia and Brazil, which have been influenced by bad weather that affected usual production levels..
An article in Elheraldo.hn notes: "the higher volume of exports and high prices have contributed to the generation of foreign exchange being doubled, to the benefit of the Honduran economy, a situation that has had a direct impact on exports of goods and the accumulation of net international reserves held by the Central Bank. "
Source: elheraldo.hn
More on this topic
May 2011
The current coffee harvest has made to date revenue of $ 1.200 million in foreign exchange from the sale of 5 million bags.
Producers enjoying the buoyant prices of coffee in the international market project sales of close to 7 million bags for next season, which would result in an income of foreign exchange of $1,500 million.
April 2009
700 coffee growers implemented a quality management system that allows their product to enter the specialty coffee market.
The article by Yesille Ponce in Laprensa.hn said that "this project was developed in 2005, allowing the coffee to enter the specialty coffee market segment, emphasizing the image of Honduras at the international level.
June 2010
If the current trend is sustained, the country would export 4.6 million quintals, 4% more than the record season 2007/08.
The Honduran Coffee Institute (Ihcafé) informed that between October 2009 and June 2010 the country shipped 3.4 million quintals, 74% of the entire season’s forecast. If estimates prove to be true, the country will net $176 million in revenue.
November 2011
After overtaking Guatemala to become the main producer in Central America, Honduras is seeking to improve its position in the world rankings of coffee growers.
One feature to note about the coffee boom in Honduras is that their production is an important factor in the distribution of wealth in the population; there are about 100 000 farmers who grow on 237 thousand hectares distributed across almost every part of Honduran territory.
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