Bolivia blocks oil exports to Peru and risks a new price escalation in the country

(Agraria.pe) A new concern is brewing on the tables of Peruvian families, after the government of Bolivian President Luis Arce decreed the temporary suspension of refined oil exports due to the rise in prices in the domestic market of Bolivia. This decision has been pushed aside due to the shortage of the product in the high plateau territory, which has caused, in turn, prices to increase by 60%. Why should this threat of state protectionism worry Peruvian households? Because almost a third of the edible oil consumed in our country is imported, and of this, more than half corresponds to the Bolivian supply, according to figures from the Ministry of Agrarian Development and Irrigation (Midagri) collected by the National Society of Industries (SNI). Not all edible vegetable oil comes from soybeans, but it is the main input used by the neighboring country to the south. It can also be prepared with olive, palm, canola or sunflower, although its representation is angular. At the end of ...