Up to 30% of the first harvest of beans in Honduras was funded in El Salvador.
Luis Donaire, president of PROGRANO, commented that the producers are returning to get financing from El Salvador, a situation attributed to lack of funding from the Honduran government institutions such as the National Bank for Agricultural Development.
Basic grain producers say the import quotas announced by the Government are not necessary.
Mario Sanchez, a local grower, says imports are not necessary and that there are enough beans to supply the domestic market.
Proceso.hn reported statements from James Regan, Minister of Agriculture and Livestock, "We, with full transparency, try to make decisions so that we can achieve a more cost effective supply for the domestic consumers, but to also be able to expand our product to new markets".
Damage caused to Central American agriculture by recent rains could cause an avalanche of purchase of grains in Honduras.
The rains affected the region; in Nicaragua and El Salvador, the governments have made investments to improve production levels, but we are under threat, as the sister countries continue to see us as an alternative support for supplies, the manager of the Honduran Institute of Agricultural Marketing (IHMA), Obdulio Chevez, warned.
In the next few days, the price of some products from the basic food basket will rise.
The agriculture industry alleges that production costs and components are becoming a threat to the completion of the finished product and is causing a chain of increases in poultry, pork, milk and eggs.
XAGRO S.A. Announced that they have signed a purchase agreement with Jam LLC to buy 5,000 MT of red beans from China that will be sold to importers throughout Central America to help ease market pressure and lower the high prices caused by recent shortages.