Russia and Ukraine suspend wheat exports: will it affect prices in Peru?

07:00 | Lima, Jul. 22. By Sonia Dominguez The economist from the Universidad del Pacífico (UP) Jorge González Izquierdo explains that most of the wheat that Peru imports comes from Argentina. However, he specifies that the southern country is trading at international prices, the same one that will begin to present upward pressure. In other words, our country would have no problem supplying itself with this grain, but it would do so at international prices, which is why it will reflect the impact of this restriction on wheat exports from Ukraine, he considered. "Peru buys wheat from various countries, but mainly from Argentina, which is guided by the price set by world markets," he told Agencia Andina. In the local market In this case, the country's wheat importers will verify price increases in the contracts for the following months, which will finally be transferred to the national market and will cause an increase in the prices of products whose main input is wheat, such as ...