Last Updated : 21 November 2012 at 16:10 IST
Roya roils Honduras Coffee spoils; 5% less production expected
The country may come out with 5.673 million 60-kg bags this year, down from 5.98 million bags, according to Victor Molina, manager of coffee institute IHCAFE.
- Spices, Oilseeds counter bearish, Sugar range bound: SMC
- In oilseeds complex, Mustard January may remain below 3820 on increase acreage, adequate carryover stocks. Soybean decline seems to be capped with robust soymeal exports which has doubled to 503,269 tons in November compared to a month ago. Apri
- read more
India's production of pulses is estimated at 19 million tons for 2013-14 and the demand for pulse..
By Col. Ajay
As per financial astrology, transit OD Sun in Saturn house is ..
TEGUCIGALPA (Commodity Online): With roya—a kind of fungus affecting coffee plants-- roiling the coffee production of Honduras, the Central American Republic may produce 5% less coffee than previously estimated, reported Reuters.
The country may come out with 5.673 million 60-kg bags this year, down from 5.98 million bags, according to Victor Molina, manager of coffee institute IHCAFE. The organization is a top coffee research house in Honduras.
The country exported 5.48 million 60-kilogram bags during the 2011-12 crop season, which is 40% higher than 2011 season. Honduras and Mexico together account for about one-fifth of the world's arabica beans.
Roya is known better to scientific world as leaf rust, a highly destructive disease sapping the nutrients from the leaves and killing bean yields.
Back in September, the authorities tried to send defensive mechanisms to some 20,000 growers in the country in the form of fungicides and fertilizers.
"We know there will be some effect on coffee production, but we think exports won't fall because we have new plots, planted within the last three years, that should bolster next year's harvest," a stake holder had said way back in September to Business Recorder.
- China Communist Party plenum goals may benefit commodities
- India Gold remains weak, Crude Oil falls on profit booking, Copper up
- Erratic weather in Asia is a setback for Rice crop
- Gold options indicates bullish sentiment: Saxo Bank
- Leaf rust may cut Central America Coffee output by 9.7% in 2013-14
- India fertiliser demand remains robust, phosphates market dull