El Niño and coup likely to reduce 9 percent lower coffee crop that forecast in Honduras
Thursday, August 5, 2010
Coffee exports from Honduras, set to become the world’s sixth-biggest exporter, will be about 9 percent lower than forecast this crop year because of losses from bad weather and a coup, an industry association said.
The country will export 4.2 million 46-kilogram bags in the crop year ending next month, Mario Ordonez, technical manager at the Honduran Coffee Institute in Tegucigalpa, said. The Institute had projected exports of 4.6 million bags this year, from 4.4 million a year earlier.
El Niño damaged crops by triggering dry spells, and months of protests and highway blockades in the wake of the coup in June also caused shipping delays.
Original source: Bloomberg