Honduras coffee exports seen down nearly 7% in upcoming harvest

Credit: REUTERS/Fredy Rodriguez

Adds details on previous season, quote

TEGUCIGALPA, Oct 2 (Reuters) - Honduran coffee exports for the new 2023/2024 season will likely total some 4.98 million 60-kg bags, down 6.6% from the previous crop, national coffee institute IHCAFE said on Monday, citing adverse weather and limits on fertilizer supplies.

Honduras is Central America's top coffee grower and exporter. The region's harvesting season runs from October to the following September.

Honduran coffee exporters shipped 5.34 million bags in the just-concluded 2022/2023 harvest, according to preliminary IHCAFE data, below the 5.5 million bags previously estimated.

"The forecast for the (2023/24) harvest is not very favorable," said Pedro Mendoza, president of IHCAFE's board of directors.

(Reporting by Gustavo Palencia; Editing by David Alire Garcia)

((Valentine.Hilaire@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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