News

Many citrus companies in Peru had to close or kill fields

Peru
Market & Price Trends
Innovation & Technology
Published Nov 21, 2023

Tridge summary

The global demand for citrus fruits has decreased due to the COVID-19 pandemic, resulting in a drop in international citrus trade. Peru, which primarily participates in the mandarin category, represents 5.8% of the total world trade and almost 25% of the southern hemisphere trade. However, Peru has experienced a contraction in demand and volume, attributed to global trends, high margins for supermarkets, and poor public policies in the agricultural sector. The sector has also faced challenges such as increased transportation rates, geopolitical conflicts, and unfavorable exchange rates, leading to the closure of companies and a reduction in job opportunities.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In recent times, it has almost become commonplace to talk about a lot of supply and low prices, in the world of global fruit growing. In Peru, expert producers of star crops in that country such as blueberries, grapes or avocados express opinions in this regard, but does the same happen with citrus fruits? What is the diagnosis of citrus fruits today? Estuardo Masías Málaga, managing director of La Calera Agrícola and one of the most authoritative voices to talk about citrus fruits and agribusiness in Peru, points out that, since the beginning of the pandemic, in 2020, there has, in effect, been a contraction or stagnation of the demand for fruits in general, around the world, and “a real drop” in international citrus trade. “Citrus fruits represent 21% of the international fresh fruit trade in the world. Within citrus fruits, the categories of oranges, lemons, grapefruits (grapefruit) and tangerines (easy peelers) are handled. Peru participates mainly in the category of ...
Source: MXfruit
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