Heavy rains and cold front delay coffee deliveries in Honduras. Region’s top export expected to produce record
Rains and a cold front are delaying coffee deliveries in Honduras, Central America’s largest producer, according to Volcafe, the coffee unit of commodities trader ED&F Man Holdings.
Honduras will produce a record 4.6 million bags of 60 kilograms in the 2011-12 season, up from 4.2 million bags last season and a previous estimate of 4.4 million bags, the trader said.
“Internal market prices are firming up as exporters need to cover their nearby commitments,” Volcafe said in an e-mailed note to clients. “Fresh outside interest was noted from different regions,” it added.
Original source: Bloomberg