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Article: Central America's coffee crisis: Honduras report.
- Article from:
- Tea & Coffee Trade Journal
- Article date:
- January 1, 1993
- Author:
CopyrightCOPYRIGHT 1993 Lockwood Trade Journal Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Honduras, the world's original "banana republic," is doing everything it can to reduce its economic dependence on bananas--and coffee--both of which are now being threatened by instability on the world market.
Ramon Medina Luna, the Honduran economy minister, summed it up in a recent interview in Tegucigalpa: "For us, the drop in coffee prices has been disastrous. We're not even covering costs," he said. "Given the fact that the market for coffee and bananas is something we have no control over, we feel that the more we diversify our productive base, the better off the country will be, and we're definitely encouraging that by the introduction of macroeconomic ...