Peru: The high cost of maritime freight has already caused the bankruptcy of companies dedicated to the export of mangoes

Published 2022년 11월 9일

Tridge summary

The Peruvian Association of Mango Producers and Exporters (APEM) has issued a statement highlighting the significant challenges it is facing due to the high freight costs imposed by shipping companies. This issue, which has pushed the cost of maritime transport to between 40% and 80% of the total packaging and shipping cost, has negatively impacted the sector and led to financial difficulties and even bankruptcy for some companies. Furthermore, the quality of exports has declined, and there have been delays in delivery, resulting in increased insurance premiums for fresh fruit. The economic outlook in the destination markets, both in Europe and the United States, is also discouraging due to expected demand contraction caused by recession. Despite an decrease in freight rates for the most congested routes, APEM has not observed these reductions for the 2022-2023 mango campaign.

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Original content

The Peruvian Association of Mango Producers and Exporters (APEM) issued a statement to warn of the extreme difficulties it currently faces with maritime transport due to the high cost of freight imposed by shipping companies. The union recalled that agro-exporters are experiencing great uncertainty in a scenario that is aggravated by key factors: .The Kent mango is highly perishable. Refrigerated for export, it tolerates a maximum of 35 days until it begins to develop internal pulp problems and loses its commercial value. .In the 2021-2022 campaign they suffered a high rise in the price of maritime freight. The shipping cost went from 40% to 80% of the cost of packaging and shipping. This caused the business result to be negative and, in some cases, the bankruptcy of companies that could not afford the costs. .In the 2021-2022 campaign, the sector also suffered from a reduction in quality and delays in crossing the different markets. The response of the shipping companies in cases ...

Source: Portaldelcampo