Honduran coffee exports increased by 10.7% in foreign currency, but fell by 3% in volume in the first six months of the 2019-2020 harvest, compared to the same period of the previous season, a source told EFE on Tuesday. of the sector.
Honduras sold 3.79 million quintals of coffee (46-kilo bags) between October 2019 and April 1, 2020, which represents a decrease of 3% compared to the 3.91 million exported during the same months of the previous harvest, said a spokesman for the Honduran Coffee Institute (Ihcafe).
He added that coffee sales abroad in the reference period totaled 468.6 million dollars, 10.7% more, compared to the previous season, of 423.2 million dollars.
The source did not specify to Efe the causes of the rise in income, but according to a report by Ihcafe, the foreign exchange for coffee exports has risen due to the increase in the price of beans in the international market.
In the current harvest, the price of the quintal of coffee reached an average of $ 123.39, while in the same period of the 2018-2019 harvest it was quoted at $ 108.27, representing an increase of 14%.
Germany, the United States, Belgium, Italy and France are the main markets to which Honduras exported coffee in the first six months of the current harvest, since those countries bought 71% of the total grain sold, according to official figures.
In the 2019-2020 harvest, Honduras plans to export 8.5 million quintals and expects to receive about $ 900 million. The coffee harvest year in Honduras begins on October 1 and ends on September 30.
The aromatic represents for Honduras more than 5% of the gross domestic product (GDP) and about 30% of agricultural GDP, according to official figures.
In the 2018-2019 harvest, which closed on September 30, coffee sales totaled $ 950 million, 16.4% less compared to the previous season, of $ 1,137 million, according to data released by the Ihcafe.
The coffee activity in Honduras is in the hands of some 120,000 producers, 90% of them are small, and generate around one million jobs in the cutting, wet and dry processing, and transportation processes, according to the sector.