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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Panama: Oil Palm Plantations on the Rise

September 2011

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

Three companies started production at the beginning of the 80's, with around three thousand acres, and to date the area now has more than 8,000 cultivated hectares.

Loans for Palm Oil in Panama

February 2012

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.

New Palm Oil Plant

December 2012

From January 2013 a new plant in Honduras will be operational, producing African palm oil and having a capacity to process 650 tons per day.

Corporación Industrial Sula (COINSU), which is made up of 453 small producers from the Atlantic coastline, invested $10 million in the plant in Río Blanquito, Choloma, in Cortés, and plans new investment stages to make the amount up to $15 million.

Guatemala: More Palm Oil Plantations

August 2011

Palm oil plantation areas in the country are increasing at an average rate of 8,000 hectares per year.

In an area of 90 hectares, farms are currently producing 140,000 metric tons of oil, of which 100,000 are exported to Mexico and Central America and the rest is consumed in the local market. In 2010, exports totaled $125.7 million.

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