Despite the poor first half of the year for Peruvian garlic, the situation could be reversed in the second half

Published 2024년 7월 31일

Tridge summary

The international garlic market has faced significant challenges since 2020 due to the Covid-19 logistics crisis and a shift by major exporters to more profitable crops. By 2023, the market began to recover, but climatic issues in Peru, especially in Arequipa, severely impacted garlic crops, leading to a substantial drop in export volumes and value by 2024. Despite a 65% contraction in volume and 59% in value, there is optimism for growth in the latter part of the year. International shipments to North and South America have decreased, with Mexico and the United States experiencing notable declines.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Since 2020, the international garlic market has had quite difficult times. The availability of volumes became quite complicated due to the logistics crisis generated by Covid-19. Furthermore, the world's largest exporters reduced their volumes in favor of more profitable crops and, in many cases, prioritized their domestic consumption. By 2023 the situation seemed to improve, with a significant recovery in volumes and higher prices. However, by the end of the year the effects of the climatic phenomena that occurred in the world began to be felt. In Peru, crops were greatly affected by this situation, slowing down the recovery that this product had been presenting. By 2024, the drop in volumes was completely noticeable, bringing down all the progress achieved in 2023. For example, in Arequipa, the largest garlic producing area in Peru, problems were reported in the water supply due to the low availability of the resource in the rivers and valleys. This, combined with the high ...

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