NOVA MEDIA PUBLISHING INC.

Honduras: Banana Exports down US$ 6.3 Million in January

13.4.2018

The export of bananas amounted to US$40.2 million last January, US$ 6.3 million less than in January 2017 as a result of a fall in volume due to the work stoppage in one of the companies, according to the Central Bank of Honduras (BCH).

Nearly 2,000 workers from 8 banana farms in Chiquita Brands, in the sector of Lima, Cortés, staged a work stoppage in disagreement with the change in local medical care.

The protests interrupted the processes of fertilization, pest control and irrigation. In January most of the bananas were exported to the United States.

International sales related to this agricultural activity registered US$ 75.4 million in foreign currency during the first month of the year, a decrease of US$ 2.6 million compared to January of last year.

By the end of 2018, the goal is to exceed the US$ 522.7 million generated by the export of bananas in 2017.  The export of melons and watermelons increased 8.1 % (US$ 1.2 million), a total amount of US$15.7 million dollars. This increase is associated with the increase in volume (4.2%) and price (3.7%) with destinations to the United States and the Netherlands. Revenues from external sales of melons and watermelons totalled US$ 71.4 million last year.

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