Peru will increase hard yellow corn sowings due to better international prices

Published 2023년 3월 6일

Tridge summary

The article reports on the significant growth in hard yellow corn plantings in Peru, with a 4.5% increase compared to the average of the previous five campaigns, covering 132,324 hectares. This surge is attributed to favorable market conditions, including high international prices, ample labor supply, and favorable hydroclimatic conditions. The departments of San Martín, Piura, Ucayali, and Amazonas have seen the most substantial increases in planted areas. Despite high input and fertilizer costs, the higher prices received by producers have been a major factor in this trend. However, the rise in fertilizer and transportation costs challenges this growth. In 2022, the total value of corn imports rose by 16.3% despite a decrease in volume, reflecting the high global demand and prices for corn.

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Original content

18:37 | Lima, sea. 6. This scenario is driven by the best prices in the international market, the availability of labor, and favorable hydroclimatic conditions, according to the Midagri Economic Studies Department. The evaluation of the hard yellow corn sowings, in the period from August to December of the 2022/2023 agricultural campaign, shows an advance equivalent to 132 thousand 324 hectares, which means an increase of 4.5% compared to the average of the last five campaigns, which represents 126 thousand 660 hectares. The departments that exhibited an increase in planted areas were San Martín (40.3%), Piura (47.9%), Ucayali (43.3%) and Amazonas (54.9%), mainly. Despite the high costs of the main inputs and fertilizers, the producers have installed larger maize areas in these months of the campaign; however, the better prices on average that producers receive have been driving the increase in plantings. Today more than 200 thousand producers are dedicated to the production of ...

Source: Andina