Record Coffee Harvest in Honduras

It hopes to collect 5 million quintals, at a time when the price of coffee futures is above $ 200.

Friday, November 12, 2010

The recovery of road infrastructure in bean producing regions will be vital to the success of the harvest, the volume positions Honduras as the largest Central American producer and third in America.

At the opening of 43rd Coffee Congress taking place in San Pedro Sula, Asterio Reyes, president of the Honduran Coffee Institute, IHCAFE said that Honduras, "according to statistics from the International Coffee Organization, is the only country which has always had rise in production, unlike other countries like Colombia, which has cut its production by around five or six million bags, Vietnam and others.”

This historic volume for coffee harvest has great impact not only on foreign currency market, which will be close to $ 1,000 million, but by the number of jobs created during collection, which should alleviate some of the high unemployment.

More on this topic

$420 million Earned From Coffee Exports

March 2013

During the first half of the 2012-13 cycle, Honduran coffee exports generated $420 million in foreign exchange.

According to Victor Hugo Molina, manager of the Honduran Coffee Institute (Ihcafé), the volume of exports achieved was 2.9 million quintals, which represents 50% of what it expects to sell during 2013.

Honduras Among the Largest Coffee Producers in the World

August 2011

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).

Walmart to Invest $43.6 Million in Honduras

April 2011

The construction of three new stores by the supermarket chain will create 338 direct posts and more than 5,000 indirect jobs.

The investment was announced by Walmart general manager, Alberto Ebrad, after a meeting with Honduran president, Porfirio Lobo. Ebrad indicated that this will be the company's main investment this year in Central America.

New Tax for Honduran Coffee Producers

June 2009

For each 100 lbs of coffee exported, the growers must pay the Honduran Institute of Coffee another $1 in addition to the $9 they already pay.

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.

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