Peru: Olive oil suffers one of the worst crises in recent decades

The sector is suffering “one of the worst crises” in recent decades, which affects farmers due to inclement weather and consumers due to price increases, according to the consulting firm Expense Reduction Analysts (ERA). The consulting firm has highlighted the scope of the crisis in the oil sector in a report released this Tuesday on the risks of this production. ERA has referred to calculations from the Union of Small Farmers and Ranchers (UPA), according to which between 50% and 60% less olives will be harvested, and has stressed that the lack of rain and the increase in temperatures " “They have played a key role in the drop in production.” “A lower supply of basic crops leads to an increase in market prices and, in turn, the cost of production. This affects not only end consumers, but also food industries that depend on these basic ingredients for the production of a variety of products,” according to ERA. To alleviate this situation, the consulting firm has recommended to the ...