Coffee: Exporter's Registration Simplified

Natural or legal persons who wish to register as exporters with the Honduran Coffee Institute will no longer have to comply with the requirement to prove a minimum share capital of $1 million.

Tuesday, November 19, 2019

Directors of the Honduran Coffee Institute (Ihcafe) reported that the market commission had been managing the proposal since 2018, which was already approved by the National Coffee Council (Conacafé).

You may be interested in "Crops in Central America: Main Figures in 2018"

Aldo Villafranca, vice-president of Ihcafe, told Laprensa.hn that "... The limitations are being removed to opt to be a coffee exporter, what is interesting is that yes, the same producers can export their own coffee or that of their community."

José Castañeda, coffee marketer, explained that "... the initiative will allow the sector that is decayed by prices to breathe. Producers can sell at better prices if they sell without intermediation directly to the roasters."

CentralAmericaData reports state that in the first quarter of 2019 the main coffee exporter in Central America was Honduras, with $323 million, followed by Guatemala, with $185 million, Nicaragua, with $130 million, Costa Rica with $75 million, El Salvador, with $32 million and Panama with $2 million.

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More on this topic

Guatemalan Coffee in Germany

October 2019

The coffee growers' guild signed an agreement with the Guatemalan-German Chamber of Commerce and Industry to promote local production in the European country.

Directors of the National Coffee Association (Anacafé) explained that the agreement will facilitate the coordination of actions for the promotion and export of coffee from Guatemala to Germany, such as the generation of direct links between producers and buyers.

Avocado as an Alternative to Coffee Cultivation

September 2019

In Nicaragua some coffee growers have decided to replace their crops with avocado plantations, because the international price of coffee has reported low prices in recent years.

According to reports from CentralAmericaData, in the last seven years the average price of regional coffee exports has registered a clear decreasing trend, going from $4.86 per kilo in January 2012 to $2.57 at the beginning of 2019.

Coffee in Central America: Different Realities

May 2019

While producers in El Salvador predict that the local crop could be extinct in the next two years because of falling international prices, other countries in the region place grain at more favorable prices.

Each country's realities are different, as there are several differences that are reflected in the amounts exported and in the average prices at which the grain sells abroad.

Nicaragua: $30 million to Combat Coffee Rust

June 2015

The coffee trader Ecom will be managing the funds provided by Starbucks, IFC and the IDB for long-term financing to help Nicaraguan coffee growers fight against rust.

From a statement issued by the International Finance Corporation (IFC):

The Inter-American Development Bank (IDB) will provide long-term loans to help Nicaraguan coffee farmers combat the devastating effects of the coffee rust fungus, which has swept through Central America, crippling production and threatening the livelihoods of millions who depend on the coffee industry.

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