Peru has alternative markets to supply wheat and corn

Midagri maintains that Peru would not see a serious shortage of imported grains because it has alternative markets to supply itself. Ministry data indicates that yellow corn and wheat represent 93% of grain imports, and the remaining 7% of purchases from abroad correspond to rice, malting barley, sorghum, canary seed and millet. Only in the case of imported yellow corn, which is used as an input for the poultry sector, the majority comes from Argentina and the United States. In the case of wheat, 96% of the supply comes from Canada, the United States and Argentina and only 4% comes from Russia, Paraguay and Uruguay. It is worth mentioning that Peru only represents 0.4% of Russian wheat exports and does not appear on the list of Ukraine's clients. Currently, the national production of this input is stagnant around 200 thousand tons, so that 92% of domestic demand is covered with imports. For this reason, despite the fact ...