In the first month of the 2023/24 season, Honduran coffee exports fell by 40% year-on-year

Published 2023년 11월 14일

Tridge summary

Honduras experienced a significant decrease in coffee exports in October 2023, with a 40% drop compared to the previous year. The total value of coffee exports in October was only $8.39 million, down by 50.7% from the same period in the previous season. Despite being the largest coffee producer in Central America and having coffee as its main source of foreign exchange, Honduras is facing challenges in the coffee industry.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Honduras Coffee Institute (Ihcafe) recently reported that in October this year, the first month of the 2023/24 coffee harvest season, Honduras exported 45,000 quintals of coffee (i.e. 100 pounds, equivalent to 46 kilograms in Spain), which was 45,000 quintals (100 pounds, equivalent to 46 kilograms in Spain), compared with the first month of the 2022/23 season. of 75,000 dan, a decrease of 40%. The Spanish EFE news agency reported that Honduran coffee exports in October were only US$8.39 million, down 50.7% from US$17.02 million in the same period last season. In the same month, the average price of coffee per quintal in Honduras was only US$185.19, down from US$17.02 million in the same period last season. US$225.57, a decrease of 18%. In addition, the main buyers of Honduran coffee in October were the United States, Belgium, Germany and Finland. According to reports, Honduras is the largest coffee producer in Central America, with more than 120,000 workers engaged in ...

Source: Foodmate