Honduran Palm Oil Sales Up 30%

The country is the third largest producer and exporter of palm oil in Latin America, after Ecuador and Colombia, with projected sales for 2013 of $400 million.

Tuesday, August 6, 2013

According to Victor Iscoa, technical secretary of the palm chain at the Ministry of Agriculture and Livestock (SAG), this year exports of the product have grown by 30%, going from $304.4 million to more than $400 million.

"The production this year has practically been all sold. It hasnt been invoiced, but a very high percentage has already been committed, and even for next year there are several companies that already have pre-bought," he said.

Currently, agribusiness and producers are working on obtaining international certification, or the RSPO green stamp, for each of the 13 oil mills which are located in Colon, Cortes, Atlantida and Yoro.

"We dont have this certification for these plants, and we need to get it," said the president of Palmas Centroamericanas S.A. (PALCASA), Victor Baca, who added that this recognition is important in order to regulate the sector in terms of environmental and social issues, because with this palm growers can comply with the controls demanded from importers.

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Honduras: Palm Oil Plant Starts Operations

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Built with an investment of $10 million, the processing plant owned by the Association of Producers of Palma de Yoro and Cortés has opened in Choloma.

According to Victor Iscoa, technical secretary of the palm chain at the Secretariat of Agriculture and Livestock (SAG), the plant has a milling capacity of 30 tons per hour in clusters, which is 100 thousand tons per year.

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Honduran producers and manufacturers in the palm oil chain are seeking certification from the Roundtable on Sustainable Palm Oil.

According to an aricle in Laprensa.hn Victor Iscoa, technical secretary of the African Palm Oil Chain at the Secretariat of Agriculture and Livestock (SAG in Spanish), said: "From 2015 we are not going to be able to export oil anywhere unless it meets the parameters.

Honduras Doubles Palm Oil Exports

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In the last three years the palm oil industry has seen a sustainable increase, going from $140 million in 2010 to $251 million in 2011.

Data from the Central Bank of Honduras (BCH), also shows that in the first half of 2012 total exports were $110.6 million, and estimates are that the year will end with figures of between $260 and $270 million.

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The sector’s plans to expand the amount of cultivated area in the country, which could make Honduras the largest producer of palm oil in Latin America.

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