Peruvian bean shipments grow throughout the American continent

Published 2022년 12월 2일

Tridge summary

Peruvian bean exports experienced a significant growth between January and October 2022, with a 17% increase in volume and a 15% increase in value, amounting to 48,566 tons and US$67 million respectively. This growth is primarily due to the decrease in bean cultivation by competitors in favor of more profitable crops and lower production in the main export markets, leading to a supply deficit. The majority of the exports were made by over 100 companies to more than 47 countries, with the United States, South Korea, and the Dominican Republic being the main destinations. However, there was a decrease in exports to Asia and Europe due to high logistics costs and competition from other countries.

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

Original content

Beans are one of the vegetables that have been gaining increasing relevance in the Peruvian agro-export basket. In the last year, it was the sixteenth most exported agricultural product by Peru, with more than 100 companies making shipments to more than 47 countries. Peruvian beans are usually exported throughout the year in a consistent manner. Until October 2022, remittances totaled 48,566 tons for a value of US$67 million. Said result represented a growth of 17% in volume and 15% in value. These increases occurred after a slight drop in the price received for Peruvian beans, which traded on average at US$ 1.39 per kilogram (2% less than the previous year). The increase in exports has two complementary explanations: several important competitors in Peru have replaced their bean crops with other more profitable ones, while in the main destinations there has been low production that has not covered their internal demand. . And given that the international logistics problem has ...

Source: AgroForumPeru