Peru: More rice to the plate, producers trust that prices would be down this 2021

Published 2021년 1월 7일

Tridge summary

In 2020, Peru's agricultural sector saw a slight growth of between 1% and 1.2%, as reported by the Ministry of Agrarian Development and Irrigation, with paddy rice being the main contributor to this growth. The production of paddy rice increased by 10.1% due to increased planting and harvesting in regions such as Lambayeque, San Martín, and Piura. However, the sector faced challenges due to the COVID-19 pandemic, which increased production costs and led to the import of rice from Uruguay and Brazil. The Peruvian Association of Rice Producers anticipates that rice prices may decrease in 2021 due to increased imports.

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

Original content

The agricultural sector had an important development in 2020-2020 and that would point to a small growth between 1% and 1.2%, according to estimates by the Ministry of Agrarian Development and Irrigation (Midagri). Among the main products that grew between January and October 2020, in addition to blueberries and paprika, is paddy rice with 10.1% due to a larger area planted and harvested in the north of the country. Lambayeque, San Martín and Piura were the regions that promoted this improvement in obtaining one of the most important products of the family basket. Currently, these areas are starting seedlings, along with La Libertad and Tumbes. In this sense, it is expected that they will be able to satisfy national demand, reports Saúl Núñez Montenegro, president of the Peruvian Association of Rice Producers (Apear). Paddy rice was the main crop that sustained the growth of the sector in 2020, registering more than 3,026,000 tons produced during the first ten months of the year. ...

Source: AgroForumPeru