Peruvian agriculture recorded its lowest performance since 1992 in 2023

In this installment of the series "Agronometrics in graphics", Sarah Ilyas reviews the state of Peruvian agriculture. Each week, the series looks at a different horticultural product, focusing on a specific origin or theme and visualizing the market factors driving change. In 2023, Peruvian agriculture faced one of its biggest challenges in more than three decades, dealing with global fertilizer shortages, inflation, adverse weather conditions in both the northern and southern regions, and water stress. This convergence of factors culminated in the sector's worst results in more than thirty years. With a workforce that represents more than a fifth of the country's employees, the recovery of this vital sector is paramount to Peru's economic stability and prosperity. The repercussions of the agrarian crisis became evident when agricultural production plummeted by 4.1% in 2023, which marked its first negative growth in fourteen years and the largest decline since 1992. The impact was ...