Bad year for the Peruvian artichoke

The artichoke is a product that is grown in much of the world and therefore usually shows relative stability in its international marketing. Unlike other agricultural goods, large price and stock shocks tend to be rare. However, 2023 was the exception. Around the world, producers faced declines in their crops due to the weather, which put international trade in this product in a complicated situation. Peru could not escape this situation and, like its competitors, its exports were affected due to the harsh weather conditions. In 2023, 47,817 tons of artichoke were exported, 18% below what was shipped a year before. With this drop in Peruvian production, which was similar to that of most countries, it was expected that the price would rise. However, two markets managed to avoid the fate of the others: Egypt and Turkey had a positive campaign, coupled with an increase in their hectares of artichokes. This was enough to compensate and satisfy demand in several relevant places around ...