Oil shortage reported in Bolivia due to suspension of exports: What is known about the measure and how could it affect Peru?

Bolivia has experienced a significant setback in its agricultural export sector, with a suspension of refined soybean oil exports affecting its trade relations and causing concerns about its economic stability. In 2023, the country exported over 118,000 tons of soybean oil, generating revenue of more than $135 million, primarily to Peru, Colombia, and Chile. The suspension, a response to market irregularities and price manipulation, has sparked anxiety among industry stakeholders, including the Association of Oilseed and Wheat Producers (ANAPO), which warns of potential industry collapse and impact on over 14,000 soybean producers. The suspension does not impact other soybean products like flour. This crisis occurs amidst a balance of payments crisis and rising food prices, with the government attributing the price increases to profiteering and market manipulation by certain sectors. The suspension is meant to address these issues and stabilize the market, though it has led to public criticism of the government's economic policies and the suspension of the governor of Santa Cruz.