Banana exports from Honduras will generate income of USD 350 million

The president of the Association of Independent Banana Producers of Honduras, Héctor Castro, estimated that the export of bananas will generate the country USD 350 million (8.845 million lempiras) in 2021. Castro commented to local media that "in normal times, banana exports exceed USD 700 million in foreign currency, but I can assure you that in 2021 at most they can reach 50% of revenues, that is, USD 350 million." The drop in production is explained by the destruction of some 3,700 hectares of banana plantations on the north coast, due to the tropical storms Iota and Eta last year. Castró pointed out that, "the loan application analysis processes should begin to be streamlined to reactivate this important activity in the country." Bananas are the second generator of foreign exchange in the country and a permanent employer all year round, where more than 4 thousand sources of work depend on this industry. "The situation is worrying because we are already in July and there has ...