According to a spokesman for the Honduran Coffee Institute (Ihcafe), coffee sales in the Central American country, without reference, totaled US $ 276.45 million, 16.4% less than in relation to the previous season US $ 330.91 million.
Honduras sold 1.96 million 46 kg bags between October 2020 and February 2021, which represents a 27.4% drop compared to the 2.7 million exported in the same period of the year.
The non-specific source as the cause of the fall, but according to coffee sector officials, as coffee exports have been reduced due to the impact of the Covid-19 pandemic and the effects of Eta and Iota tropical storms, affected the country last November.
So far, in this current harvest, the price per yard of coffee has reached an average of US $ 140.78, while, in the same period of the 2019/2020 harvest, it was quoted at US $ 122.23, which represents an increase of 15, 2%, specific to a spokesperson.
Germany is the main market to which Honduras has exported coffee so far in the 2020/2021 harvest, responsible for the purchase of 24.4% of the beans traded, followed by the United States (21.8%), Belgium (9.3%) , France (6.7%), Italy (4.9%), United Kingdom (4.1%), Japan (3.9%), Canada (3.6%), Korea (3.3%) and Colombia (2.7%).
In October 2020, when the current harvest began, Ihcafe expected an export of 8.2 million quintals of coffee, for which it would receive about US $ 1 billion, but due to the pandemic and the effects of tropical storms, this total decreased about 150 thousand quintals of grains.
For Honduras, coffee represents more than 5% of the gross domestic product (GDP) and about 30% of agricultural GDP, according to official data. The Honduran coffee industry is in the hands of around 120 thousand producers, 90% of them small, and generates about one million jobs in the processes of cutting, wet and dry processing and transportation. The year of the coffee harvest in the country begins on October 1st and ends on September 30th.
The information is from EFE
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