Peruvian exports of fresh asparagus fall -33% in volume and -12% in value between January and October of this year
Sustainability & Environmental Impact
Market & Price Trends
Published Dec 4, 2023
Peru's asparagus exports have significantly dropped this year due to climate changes, with a 33% decrease in volume and a 12% decrease in value compared to the previous year. Excess water caused by the El Niño Costero resulted in crop loss and waste of buds, affecting the harvests. The main importers, including the United States, Spain, and the United Kingdom, reduced their purchases of Peruvian asparagus, leading farmers to adjust their fertilization practices and wait for the El Niño phenomenon to pass.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
This drop was mainly due to the reduction in purchases from its main importers, as well as smaller harvests due to weather problems. This year's El Niño Costero caused many crops to be lost due to excess water, thereby wasting the buds that are formed throughout the cultivation stage, which are used for the next harvests. The United States, its main destination market, only imported 47,413 tons valued at US$ 168 million (32% less in volume and 8% less in value compared to 2022). In turn, Spain reduced its imports, since it only purchased 6,135 tons valued at US$ 26 million (23% less in volume and 7% less in value). Finally, the United Kingdom did not demand much of Peruvian asparagus this year either. Their purchases only totaled 3,876 tons valued at US$ 20 million (that is, 36% less in volume and 22% less in value). Faced with these ...