The new export tax that all coffee growers must pay represents $4.7 million of revenue for the Honduran Institute of Coffee (Ihcafe) for the 2008-2009 harvest.
According to an article by Wendy Mejia on Elheraldo.hn, Asterio Reyes, member of Ihcafe said: “This extra dollar is for a loan that the state of Honduras made to Ihcafe, when the price for a 100 lbs of coffee was at $46 on the international market and were at the point of losing our farms. So we have made the commitment to pay an extra dollar for each 100 lbs exported to service our debt.” The loan was granted by the State of Honduras in October of 2008. The article also stated that, “The State gave Ihcafe the right to use the loan to support small producers and the purchase of fertilizers.”
Coffee growers are counting on the production of more than 100 million quintals of top quality grain this harvest.
"Specialty coffee harvests are getting bigger and bigger. In this period we will have a good number of bags to serve such markets. We believe that exports will rise more than 100 million quintals", said Asterio Reyes, president of Ihcafé (the Honduran Coffee Institute) to Laprensa.hn.
The 2010-2011 harvest volume makes the country the sixth largest coffee producer, and the first among Central American countries.
A rise of 25% in exports in the previous 2010-2011 harvest, has placed the country among the top ten exporters of the grain, according to preliminary figures from the International Coffee Organization (ICO).
The Coffee Institute confirmed a $ 7.8 million investment in the importation of agrochemicals for the 2011/2012 harvest.
Asterio Reyes, president of the Honduran Coffee Institute (IHCAFE), said that in anticipation of the direct impact the price of oil will have on the cost of chemicals, they will invest in the purchase of 100 million quintales of urea and 150 thousand quintales of improved formula to safeguard the 2011 -2012 harvest.