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 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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