$250 Million Livestock Project

The Honduran Government announced the intention of a foreign company to invest that amount in a macro-project in Olancho.

Thursday, May 28, 2009

The American capital and English capital company would be interested in investing in the production of meat, milk and livestock, according to comments by Efraín Figueroa, vice minister of Agriculture, in an Elheraldo.hn article. Additionally, investors will contemplate the possible installation of a milk processing plant.

Elheraldo.hn reported: "Faced with the proposal, the Ministry of Agriculture and Livestock (SAG) has called for cattle ranchers from Olancho and observers from Francisco Morazán and Olanchito Valley to present the current situation to the authorized representative of the company in Honduras. The company seeks a guarantee of 20% of its investment (about $50 billion), which could be backed by the State of Honduras."

More on this topic

Nicaragua and Honduras: Joint Agricultural Business

May 2015

In order to take advantage of the conditions offered by both countries for the development of farming a proposal will be made to the Mexican companies Lala and Sukarne to expand operations to Honduras.

The objective of this proposal is to maximize the conditions offered by both Nicaragua and Honduras for the development of agricultural activities, both in the processing of milk and dairy products as well as in the meat sector.

Honduras Resumes Meat Exports to USA

September 2010

The livestock authority has confirmed that two factories are to renew exports, having met relevant sanitary requirements.

The restart was achieved through a joint project involving government authorities, businesses and people from the US.

"Authorities predict that exports to the USA will be worth $25 million, strengthening the Honduran economy, social system and the country's sanitary control programs, which are managed by an organization known as Senasa in Spanish. These benefits add credibility to the work done by the current government," comments Elheraldo.hn.

Honduras Cuts Nicaraguan Cheese Imports in 40%

August 2009

Government officials, breeders and industry representatives agreed to reduce dry cheese imports to protect the dairy sector.

The measure is a result of growing complaints from local producers, who argue constant losses in their businesses.

"The Commerce and Industry Secretary, known as SIC, committed to achieving a ministry decree forcing supermarkets to separate dairy products by origin, thus protecting national production", reported El Heraldo.

$102 million agro-industrial investment proposed for Honduras

February 2009

A British group offered the Government of Honduras to invest in milk and meat processing plants at Olancho.

The La Prensa of Honduras reported that Hector Hernandez, Head of the Secretariat of Agriculture and Livestock: "met with investors from the British company, Anglo American Project; they are interested in opening two plants in partnership with producers from Olancho.

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