High freight prices to the United States will affect shipments of dried paprika more

Published 2021년 11월 2일

Tridge summary

The article highlights a significant concern for the agricultural sector, specifically dry paprika exports, raised by the Exporters Association (Adex) due to elevated freight prices to the U.S. and delayed shipments. These issues, which have led to a increase in shipment times from 20-30 days to up to 70 days, cause the product to become damaged from condensation and mold, resulting in potential financial loss for employers. This situation might potentially slow down or halt exports, despite a 22% increase in paprika shipments abroad, generating $70 million between January and August of this year. The majority of these exports were dry paprika, with the U.S. and Mexico being the top buyers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Exporters Association (Adex) warned that high freight prices to the United States and delayed shipments could cause dry paprika exports to decline in the coming weeks. Although shipments of this product increased 22% between January and August of this year, the president of the Adex Capsicum Committee, Walter Seras, expressed the concern of the actors in this chain. “The transfer of the cargo to that country used to take between 20 and 30 days, now it is up to 70 days, causing the dried paprika to suffer alterations due to condensation. If it is in the dry container for a long time, moisture is generated and later mold ”, he explained. This situation would imply a loss for the employer, since the food can be returned and additional costs are generated because the maritime cargo insurance does not cover the containers in these cases. Along these lines, if the situation continues, exports would slow down or even stop, according to Seras. Paprika shipments abroad reached US $ 70 ...

Source: AgroForumPeru