In 1998 Hurricane Mitch hits Honduras directly and becomes the most deadly Hurricane in 200 years.
"At least 70 percent of crops destroyed, including 80 percent of the banana crop. Crop losses estimated at $900 million. Large warehouses and storage rooms for coffee flooded. Maize and corn crops devastated. The damage by Mitch to Honduran agricultural production will take years for recovery."
Here is a graph of Supply and Demand before and after Hurricane Mitch.
The supply dropped greatly so naturally the demand is greater. The crops are still recovering from the devastating storm. The banana crop is at about 57% of where it was before the hurricane.
No comments:
Post a Comment