Peru: It is a very bad year for agriculture, the worst in the last 26 years

Updated Sep 20, 2023
It is not news that the agricultural sector in Peru has been one of the most affected in the current economic crisis in Peru. However, this situation had not been compared, or at least it had not been put to such magnitude as the president of the Central Reserve Bank, Julio Velarde, has done in his participation in the Budget and General Account Commission of the Republic in the Congress, yesterday September 19. Velarde stressed that the fall in the agricultural sector in the first half of 2023, -3.4%, would be the sharpest since 1997, the year in which the El Niño phenomenon hit Peru. This, again in 2023, is what has caused this crisis in the agricultural sector, according to the head of the BCR. According to the report on productive activity in the second quarter of 2023, from the National Institute of Statistics and Informatics, regions such as Puno, Tumbes, Lambayeque, Tacna, La Libertad and Cajamarca have had negative growth, directly affected in the agricultural sector. ...
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