Huge Increase in African Palm Plantations in Honduras

In the last three years 40,000 hectares have been added to the activity, considered the most profitable in the country's agricultural sector.

Friday, July 12, 2013

The chief of the Ministry of Agriculture and Livestock (SAG), Jacobo Regalado, explained that three years ago there were 105,000 hectares of plantations and that 2013 could close with over 160,000 hectares. He added that the processing capacity has also increased, by 33%, which has generated $50 million in additional annual export earnings, with 2012 closing with a total of $304 million.

At the moment there are about 11 processing plants operating in the country, with plans such as clean energy generation. "Palm cultivation in the department of Cortés is growing and in less than five years this sector will require at least five processing plants," said Jose Canales, plant manager at Sula Industrial Corporation (Coinsu).

"It's the only way we have to recover the huge losses we had from sowing beans and corn, maintenance is easier and profits increase every year," said the producer Rogelio Padilla.



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In the traditional banana regions of Baru, in the Chiriqui province, there is now increased cultivation of African palm, which exceeds 8,000 hectares.

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Loans for Palm Oil in Panama

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Producers are taking out loans in order to expand plantations and production of palm oil in Chiriqui.

The Corozo and Palmetto Cooperative (Copal), Baru district, province of Chiriqui, which owns about 1,250 acres, has obtained a loan of close to one million dollars in order to finance part of the extension of cultivated land.

Virus Threatens Honduran Citrus

July 2013

About 100 thousand plants in the citrus departments north and east of the country have been destroyed by the yellow leaf virus.

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Honduras Estimates Bean Production at 2.5 Million Quintals

April 2011

The Agriculture Ministry seeks to assure domestic bean supply, by sowing some 100.000 hectares per year.

A number of state and private banks opened credit lines for $53 million to assist small and medium farmers.

Additionally, $2 million from the Millenium Account will be earmarked for red bean production, explained Jacobo Regalado, Agriculture Minister.

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