Hurricane Agatha affects Central America coffee future prices in the US

2010-06-04

Manager of the Honduras Coffee Institute (Instituto Hondureño del Café, Ihcafé), Mario Ordóñez, said that the coffee industry in Honduras was affected slightly by Agatha, the farmers will try to save and restore the coffee plantations. The storm not only left damages in Honduras, the coffee industry in Guatemala and El Salvador also suffered damages, which affected the coffee future prices in the U.S.. In July, future price rises 0,23 U.S dollars, up about 1.7%, £1 at 1.3655 U.S. dollars.