India makes a decision that puts the Peruvian milling and baking industry in check
Wheat
Peru
India
Published May 24, 2022
Original content
(Agraria.pe) A decision made thousands of kilometers from the Peruvian coast is going to have a strong impact on the Peruvian flour and baking industry. Not only the price of bread could rise again, but also the number of bakeries that would go out of business. Until February there were 200 stores closed, but so far this year the figure has risen to 300. And it is that India, the world's second largest producer of wheat and the eighth largest exporter globally, decided to stop its shipments of said product due to the scarce supply due to the extreme heat waves that affect the crop. The announcement had a rapid impact on the international market, and the price of wheat began the week with a 6% increase in the Chicago market due to fears of a shortage in the short term, considering that other important wheat producers, such as Russia and Ukraine, have been at war since last February. India is not an important supplier for Peru, however, the increase in the price of the commodity has ...
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