El Salvador's Farming Ministry (MAG in Spanish) had initially estimated that losses would be in the region of 30% for basic grains, in particular corn and bean.
However, according to Elsalvador.com, new estimates indicate that only 2.6 million hundredweight of bean will be produced, compared to the 2.8 million initial forecast. Similarly, new forecasts for corn are 19.4 million compared to 20.8 million initially.
Producers are more pessimistic. While they agree with forecasts of 30% losses in corn harvests, for beans their predictions are up to 60%.
The Ministry of Agriculture forecasts $3.2 million worth of losses, mainly in crops of white corn.
The heavy rains that have been falling since 28 August have flattened 4,852 hectares of corn, which represents a loss of $2.6 million.
The Minister for Agriculture, Juan Alfonso De León, explained that while around 300,000 hundred weight of grain will no longer enter the market due to the rain, production is still expected to exceed 29 million sacks in the current harvest, according to Prensalibre.com. "We do not expect to have to resort to an import contingency plan," he said.
The rains and floods in the last few days in Honduras have caused over 23,000 hectares of crops to be lost.
According to information from the Department of Agriculture and Farming, most of the loss are beans and corn, and to a lesser degree rice and sorghum.
The greatest damage was in the Comayagua valley, the lower areas of the Southern Region, especially in the Coast of Amates, in the Cortes department and much of Olancho, especially in the El Patuca region.