Argentina and Canada supplied 88.4% of the total grain wheat imported by Peru between January and March of this year

Wheat

Peru

Canada

Argentina

Published May 24, 2022

Tridge summary

The Society for Foreign Trade of Peru (Comex Peru), indicated that for several months, the world has been facing a rise in prices whose end is uncertain. He noted that the Russia-Ukraine conflict aggravated the situation, due to trade restrictions that occurred as a result of the war. In this regard, he said that what has drawn the most attention is the rise in fuel prices, which Eastern Europe stopped importing from Russia, due to the sanctions for the conflict. To this is added that wheat prices have skyrocketed, due to the ban on exports by India, which is added to Ukraine's inability to export cereals, as a result of the mining of ports to prevent the landing of troops on Russian exports and the closure of Russian exports due to sanctions. The international trade union stated that, although Peru does not import wheat directly from India or Ukraine, supply restrictions generate upward pressure on world prices, which is why they ultimately also affect our country.

Original content

(Agraria.pe) The Society for Foreign Trade of Peru (Comex Peru), indicated that for several months, the world has been facing a rise in prices whose end is uncertain. He noted that the Russia-Ukraine conflict aggravated the situation, due to trade restrictions that occurred as a result of the war. In this regard, he said that what has drawn the most attention is the rise in fuel prices, which Eastern Europe stopped importing from Russia, due to the sanctions for the conflict. To this is added that wheat prices have skyrocketed, due to the ban on exports by India, which is added to Ukraine's inability to export cereals, as a result of the mining of ports to prevent the landing of troops Russian exports and the closure of Russian exports due to sanctions. The international trade union stated that, although Peru does not import wheat directly from India or Ukraine, supply restrictions generate upward pressure on world prices, which is why they ultimately also affect our country. ...

Source: Agraria