Peru: Lemon price increased by 19% due to rains in the north

Published 2023년 3월 10일

Tridge summary

In March, Peru has seen a significant impact on food prices due to various factors. Heavy rains in the northern part of the country have led to a 19% increase in lemon prices, a situation expected to be temporary according to the Central Reserve Bank of Peru (BCRP). Additionally, the price of chicken has surged due to an outbreak of avian flu and a decrease in soybean meal availability, a crucial part of chicken food. However, BCRP remains optimistic, anticipating a rise in chicken production and a decrease in prices once measures such as importing fertile eggs and vaccinating birds are implemented. Conversely, the price of white potatoes has drastically fallen by 27% this month.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

So far in March, the price of lemons has increased by around 19% as a result of heavy rains in the north of the country, revealed the Central Reserve Bank of Peru (BCRP). However, the entity explained that this rise will be temporary because this behavior is due to a conjunctural factor. "Coincidentally, these rains could have an impact on the prices of some foods that are produced in the northern region, such as lemons. They have been seeing some increases in the case of lemons of around 19% in what goes of the month", pointed out Carlos Montoro, BCRP Monetary Policy manager, during the presentation of the March 2023 Monetary Program. Another food that has been presenting an increase in its value is chicken as a result of the increase in cases of avian flu in birds, which causes a lower supply of this product; Added to this is the reduced access to soybean meal, one of the main sources of protein for this bird's food. "This has reduced the supply and increased the price (of ...

Source: Larepublica