honduras coffee hurricane

FEARS GROW FOR HONDURAS COFFEE

Central America’s biggest coffee producer says they fear significant losses after major hurricane damage last month.

Infrastructure, including roads need to be repaired in order for farmers to get their products to buyers. Nobody knows how quickly the authorities will act to make this happen.

30 Days to Get the Roads Back

One estimate accounted for 15% of the roads used by coffee produces have been damaged. If repairs don’t happen in December, then another 460,000 bags are at risk according to Miguel Pon, Director of ADECAFEH, an association for coffee exporters. That’s a staggering 60.72 million pounds of coffee.

We reported earlier that Hurricane Eta had deluged crops across Central America, causing the Honduras Coffee Institute to estimate coffee production to contract by perhaps 2.5%.

We reported earlier that Hurricane Eta had deluged crops across Central America, causing the Honduras Coffee Institute to estimate coffee production to contract by perhaps 2.5%.

Production in Honduras has slumped in recent years as coffee prices have kept declining.

The futures market for arabica predictably ticked upward on the news.

Leave a Reply

cocoa vector

Newsletter

en_GBEnglish