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Banana prices boost the value of Honduran exports

Honduran agricultural exports generated 370.2 million dollars in the first four-months of 2020, i.e. 8.2% or 28.2 million higher than in the same period of the previous year. A growth that was driven by better banana prices, as confirmed by the Central Bank of Honduras (BCH).

Between January and April 2020, Honduras sold 10,088.3 boxes of bananas of 40 pounds each on the international market. 98.9% of that volume was sent to the United States.

The shipments generated 192.6 million dollars in foreign currency, i.e. 33 million more than in the same period of 2019 thanks to the 22.4% increase in the average international price.

However, the volume exported decreased by 1.5% when compared to the 10,238.5 boxes that the country exported in the first four months of 2019. The average price per box in 2019 was $ 15.59 and this year it improved to $ 19.09.

The banana activity is recovering from a fall that it registered in 2019 when it's exports amounted to 478.9 million dollars, a value that is lower than the 531.9 million achieved in 2018. This fall was due to a 4.3% lower international average price and a 5.9 % decrease in volume.

The outlook for the second semester, however, is uncertain after Chiquita Brands closed its operations in Honduras and some cooperatives have reported lower purchases.

Legume and vegetable exports, which were mainly shipped to the United States and El Salvador, totaled $ 49.1 million, i.e. 9.8% more than by April 2019.

Meanwhile, melon and watermelon exports registered a drop of 16.5%, from 103.1 million dollars by April 2019 to 86.1 million by the same month of 2020.



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