African palm oil produced in Honduras has gained worldwide popularity. At present, Honduras is considered the third largest producer and exporter of African palm oil in Latin America, just behind Ecuador and Columbia. Honduras ranks eighth overall in the world.
According Victor Iscoa, technical secretary of palm for the Ministry of Agriculture and Livestock (SAG), “This year’s production is almost sold. It is billed, and there is a very high percentage that is already committed, and even for next year several companies already have pre-sold”. One of the advantages of this product is that it does not need to look for buyers, because there is no lack of them. “Rather, the problem is that many times we have to say ‘no’ because the production is already promised,” he said.
In 2012, the domestic production of African palm oil was at 387,000 metric tons, and by the end of this year, it is projected to climb to 400,000. Mr. Isoca believes Honduras exports will grow by 30%, from $ 304.2 million to more than $ 400 million.
African palm production in Honduras is responsible for an annual employment generation of approximately 100,000 direct jobs, and 200,000 indirect.