Salvadorans Financed Honduran Bean Harvest

Up to 30% of the first harvest of beans in Honduras was funded in El Salvador.

Tuesday, August 2, 2011

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.

This harvest is expected to yield about 600,000 quintals, or 30% of domestic demand. The government can set the purchase price at 1000 Lempiras ($53.2).

Carlos Giron, manager of the Honduran Institute of Agricultural Marketing, which has about $3 million available for the purchase of grain, acknowledged that some of the harvest goes to other markets in the region, without any controls, "we have to exercise better control on the exit of grains, as it is the Honduran population’s food supply and should be regulated by the Honduran Institute of Agricultural Marketing. "

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Honduran Beans Funded in El Salvador

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The competition to secure supplies of beans has led Salvadoran importers to buy in advance Honduras’ harvest.

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