Honduran farmers are planting more and more coffee, trying to exploit the current high international prices, increasing demand and declining production in many of the quality coffee producers like Colombia, Guatemala and Costa Rica.
Authorities of the Honduran Institute of Coffee (IHCAFE) estimate that production could reach 5 million 60 kilos bags in 2012/13, almost 30% more than the 3.83 million bags produced in 2010/11.
Honduran coffee producers hope to improve the perceived quality of their bean, traditionally considered of lower quality than that of Guatemala or Costa Rica, to become a viable replacement for Colombian coffee, which enters its third year of low yields.
The 23 samples selected in the national competition will form part of an electronic auction on June 17, in which over 200 international buyers will take part.
The international companies participating in the auction on June 17 hail from the United States, Taiwan, Japan, Australia and several European countries, who come to the country to see the sights, procedures and conditions under which the grain is grown.
Between March 2015 and February this year the country achieved a production of 14.3 million bags of 60 kilos, 16% more than the nearly 12.4 million in the previous harvest.
From a statement by the National Federation of Coffee Growers in Colombia:
Bogotá - Colombia, the largest producer of mild washed arabica coffee, recorded a harvest in February of 1.1 million bags each weighing 60 kilos and that the growth rate has been maintained, however, they remain on alert because of the effect of the intense El Niño.
The 2014/15 harvest of soft washed Arabica coffee amounted to 13.6 million bags each weighing 60 kilos, the highest figure in the last 22 years.
From a statement issued by the National Federation of Coffee Growers of Colombia (FNC):
Bogota, November 5, 2015 (Press FNC) Colombia, largest producer of mild washed Arabica coffee, recorded a harvest of 13.6 million bags of 60 kilos in the last twelve months (November 2014-October 2015), which is 12% more compared to the 12.2 million bags harvested in the period one year ago.