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Honduran agriculture sees 5.0% drop that is still attributed to Eta and Iota

According to the Central Bank of Honduras' Monthly Economic Activity Index, with figures up to September 2021, Agricultural, Livestock, Forestry, and Fishing activities contracted by 2.4% (-3.9 % as of September 2020), due to a 5.0% drop in the country's agricultural activity.

This negative trend is mainly due to the decrease in the cultivated areas of banana, sugar cane, African palm, melon, and watermelon there has been in Honduras because of the damage caused by tropical storms Eta and Iota in the country at the end of 2020.

The contraction took its toll on the country's agricultural exports, which as of September stood at 499.8 million dollars, i.e $ 192.4 million or 27.8% less than in the same period of 2020.

This decrease is mainly explained by the 200.5 million dollars drop in banana exports, a result of the decrease in production capacity caused by Eta and Iota.

Moreover, melon and watermelon exports up to September 2021 decreased by 3.7 million dollars in value and 14.2% in volume due to the impacts of the climatic phenomena of 2020; however, the international average price of these goods increased by 11.8%.

The rest of the activities within the group showed positive trends.

 

Source: latribuna.hn 


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