Honduran palm growers do not see improvements in their business in the short term, since they foresee that during 2020 international oil prices will remain low.
Some time ago, businessmen of the sector have been alerting of the crisis they are suffering, because in the first days of July of this year the National Federation of Associations of Oil Palm Producers and Extractors of Honduras (FENAPALMAH) and the Industrial Association of Palm Oil Producers of Honduras (AIPAH), declared themselves in national emergency.
Palm oil producers in Honduras declared a national emergency because of the crisis caused by the sharp drop in international prices.
In a statement issued by the National Federation of Associations of Palm Oil Producers and Extractors of Honduras (FENAPALMAH) and the Industrial Association of Palm Oil Producers of Honduras (AIPAH), it is considered that "...
For the present harvest, the sector's union forecasts an increase of between 8 and 9% in sales abroad, which would generate $400 million in revenues.
According to figures from the Industrial Association of Oil Producers of Honduras (Aipah), in the previous cycle the country exported 469 thousand tons, which generated $364 million and the main destination market was Europe, which acquired 85% of the total.In this harvest it is expected that about 515 thousand tons will be to exported.