Peru: Increase in food is due to an increase in imported inputs - Midagri

Published 2021년 7월 12일

Tridge summary

Peruvian Minister of Agrarian Development and Irrigation, Federico Tenorio, has attributed the rise in food prices to a global phenomenon caused by a surge in international market inputs, specifically the increase in oil prices linked to soy demand. The significant 70% rise in soy prices, a crucial component in poultry feed, has led to higher prices for poultry products. Additionally, the dollar's appreciation has increased the cost of importing necessary inputs, exacerbating the situation. However, Tenorio emphasizes that as the economic situation stabilizes, Peru and the global market will experience improved price stability.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In pandemic. The increase in prices that some foods have registered is mainly due to the rise in inputs in international markets, assured the Minister of Agrarian Development and Irrigation, Federico Tenorio. “The price increase is a global phenomenon. In the case of Peru, the increase is due to imported components. In fact, the increase we have seen in the price of oil, for example, is due to the fact that it is made with soy, a commodity subject to the demand of international markets, ”said the minister. Tenorio explained that the supply of products such as soybeans, in a context of global health emergency, was totally altered. “With the economic reactivation, the demand for this product is greater in relation to the supply. The international price of soy has increased by approximately 70% in relation to what has traditionally been commercialized, "he said. Consume other products So that Peruvians are not affected, the head of Midagri said that it is important to look for other ...

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