The Central American nation exported 590,481 60-kg bags in January, compared with 718,886 in the same month last year, according to preliminary data from IHCAFE.
Honduran coffee growers were hammered by the intense rains wrought by Hurricanes Eta and Iota last November, which worsened a pre-existing outbreak of coffee leaf rust, also known as roya, a chronic problem for the country's farmers, Ordoñez said.
Meanwhile, in Indonesia's Lampung province coffee prices remain unchanged with Sumatran robusta beans being offered with a $250 premium to the March contract and a $290 premium to the April contract, traders said.
U.S.-based raw sugar, arabica coffee and New York cocoa futures contracts were shut on Monday for Martin Luther King Jr. Day and will reopen on Tuesday.
The uptrend from $1.2040 looks incomplete. It seems to have adopted an impulsive wave mode. A small triangle is contracting to a point. It is a bullish continuation pattern.
The contract is consolidating within a wedge, which looks like a bullish continuation pattern. However, a target of $12.61 will only be established when the contract breaks $12.51.