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Honduras marks surge in global coffee dynamic

Monday, August 8, 2011

\ \ \ Honduran coffee officials said they have raised their production estimate for the current season to a record 4.29 million 60-kilogram bags.\ \ This will make Honduras the world's second-largest producer of washed arabica beans after Colombia for the first time.\ \ \ \ While the nearly 500,000-bag increase is just a drop in the world's coffee cup, it does represent a shift in the global coffee dynamic.\ \ A sharp drop in smuggling Honduran beans to Guatemala helped boost the estimate. So far this season, Honduran coffee has been fetching higher prices than Guatemalan coffee.\ \ Original source: Dow Jones\ \ \ \