LatinNews Daily - 05 August 2020

* The Instituto Hondureño del Café (Ihcafe), the body in charge of promoting Honduran coffee, says that the value of the country’s coffee exports totalled US$856.6m from October 2019 to July 2020, 3.3% less than the US$886m sold during the comparable period last year. Ihcafe attributed the fall to an unfavourable climate which reduced production. It added that so far in the current harvest, the price of a quintal of coffee (100kg) averaged US$125.4, while in the 2018-2019 harvest the price was US$107.09. Honduras, Central America’s largest coffee producer, expects to export 8.5m quintals of coffee in the 2019-2020 harvest, earning US$900m. In the 2018-2019 harvest, Honduras collected US$950m from 8.9 quintals of coffee, making up 5% of the country’s GDP. 

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