Honduras Coffee Institute Reports Export Increase

Honduran coffee exports rose 22% during the 2010-2011 season from the previous cycle to a record 3.87 million 60-kilogram bags, the Honduran Coffee Institute said Tuesday.

The season, which ended Sept. 30, also saw sales for export rise to 4 million bags from 3.2 million bags in 2009-2010. The average price per pound was $2.45, compared with $2.46 for the coffee already exported.

Honduras surpassed Mexico during the season as the world’s second-largest producer of washed arabica coffee beans, which are prized for their mild flavor. An increase in local prices, a drop in the smuggling of beans to neighboring Guatemala, and an increase in productivity all contributed to the rise.

Continue story from Dow Jones Newswire here.

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