Honduran Coffee: Sales Falls 14%

  • Thursday, June 20, 2019
Because of a drop in the price of the grain, during the first eight months of the 2018-2019 harvest Honduran coffee sales abroad totaled $673 million, 14% less than what was reported in the same period of the 2017-2018 cycle.
According to figures from the Honduran Coffee Institute (Ihcafe) between the first eight months of the 2017-2018 harvest, which runs from October 2017 to May 2018, and the same period of the 2018-2019 season, sales and exported volume decreased from $786 million to $673 million, and from 6.4 million to 6.3 million, respectively.

You may be interested in “Crops: Main Figures in Central America

Laprensa.hn reports that “… according to a report by Ihcafe, income from coffee exports has fallen because of the fall in the price of coffee beans on the international market. In the current harvest, the price of a quintal of coffee reached an average of $107.12, while in the same period of the 2017-2018 harvest, it was quoted at $122.95, which means a 13% reduction.

The article adds that “… Germany, the United States, Belgium, Italy and France are the main markets to which Honduras exported coffee in the first eight months of the current harvest, since those countries bought 69% of the total grade sold, said Ihcafe.

According to reports from CentralAmericaData, largely because of international grain prices, in the last six years the average price of Central American coffee exports have recorded a clear downward trend, going from $4.23 per kilo in June 2012 to $3.11 in the same month in 2018.

 

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