Honduran coffee exports rise 154.2% in foreign exchange and 62.1% in volume
Photo: Forbes Centroamérica
The volume of coffee exports during October-December was 744,000 quintals of coffee.
Last Tuesday, a Honduran coffee sector source informed EFE that coffee exports rose 154.2% in foreign exchange and 62.1% in volume in the first quarter of the 2021-2022 harvest, compared to the same period last season.
Honduran coffee sales from October to December 2021 totaled US$150 million (154.2% more), compared to the same period last season of US$59 million, a spokesperson for the Honduran Coffee Institute (IHCAFE, for its initials in Spanish).
The price per quintal of coffee in the current harvest averaged $202.03, while in the same period of the last harvest was quoted at $129.45, an increase of 56.1%, he added.
The Coffee Institute said that the United States, Germany, Colombia, and Belgium are the primary markets to which Honduras exported coffee in the first three months of the current harvest, as these countries bought 61.1% (454,932 quintals) of the total grain sold.
Behind these four countries were the United Kingdom, Japan, France, Canada, Italy, and Korea.
According to IHCAFE estimates, in the current harvest, Honduras, which is the largest producer of coffee in Central America, expects to export about 7.5 million quintals of grain, for which it expects to receive about 1,200 million dollars.
Coffee represents for Honduras over 5% of the gross domestic product (GDP) and close to 30% of the agricultural GDP, according to official figures.
The coffee activity begins on October 1 and ends on September 30 and is in the hands of some 100,000 producers, of which 90,000 are small.
The sector generates around one million jobs in the processes of harvesting, wet and dry processing, and transportation.
Source: Forbes Staff. (2022, January 4).Exportaciones de café hondureño suben 154.2% en divisas y 62.1% en volumen. Forbes Centroamérica. Retrieved January 6, 2022, from https://forbescentroamerica.com/2022/01/04/exportaciones-de-cafe-hondureno-suben-154-2-en-divisas-y-62-1-en-volumen/
