Peruvian agricultural exports totaled US$ 1,247 million in August 2024, registering an increase of 40%

Published 2024년 9월 16일

Tridge summary

In August 2024, Peru's agricultural exports reached US$ 1,247 million, a 40% increase from the previous year, despite global trade challenges. This success was largely driven by coffee, avocado, and cocoa, with coffee seeing a 57% volume and 195% value increase. Blueberries and avocados also had good markets, while cocoa's price more than doubled due to production drops in West Africa. Mandarins also performed well. Europe was the primary market, with the United States and China also contributing significantly. Overall, Peru's year-to-date agricultural exports amounted to US$ 6.65 billion, 26% higher than the previous year, with expectations of a positive year-end, especially with the anticipated peak of the blueberry and grape campaigns.

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

Original content

(Agraria.pe) In August 2024, Peruvian agricultural exports totaled US$ 1,247 million, 40% above what was obtained in the same month of the previous year. This increase occurs in an extremely complicated context for global trade in agricultural products due to the logistical difficulties on the routes that connect Southeast Asia with Europe and due to the various climatic complications in the main agricultural exporting countries. Curiously, it was these difficulties that allowed coffee, avocado and cocoa to find very favorable prices, and thus tip the balance towards positive results for Peru. Apparently, as the global market continues to behave, this will not change in the short term. The most exported product by Peru in August was coffee, with 40,238 tons for a value of US$ 302 million. This meant a 57% growth in volume and 195% in value compared to the same month in 2023. This increase was accompanied by an increase in price (+87%) which reached an average of US$ 7.51 per ...

Source: Agraria