The hectares of avocados are reduced in Peru

Published 2022년 11월 4일

Tridge summary

Peru is set to see a boost in Hass avocado production with nearly 10,000 young hectares set to start production in the 2022-23 season, thanks to the agrarian promotion law changes and the elimination of fiscal incentives. Despite this, the country is not planning to plant more avocado trees due to the depreciation of the Peruvian nuevo sol against the US dollar and lower average prices. As of September 2022, Peru had exported 613,947 tons of avocados, earning $976 million, with the US being the highest paying market. However, inflation has affected consumer demand, leading them to prioritize essential goods over avocados, despite a significant increase in Peruvian shipments to the US due to reduced production in Mexico and California's droughts.

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Original content

According to the Peruvian Association of Hass Avocado Producers (ProHass), almost 10,000 young hectares of avocados/Hass avocados will enter production in the 2022-23 season, adding to the more mature growing areas. However, the country will do almost no additional planting for the crop. The fact occurs after the changes in the agrarian promotion law and the elimination of fiscal incentives, according to the Peruvian newspaper Gestión. Peru exported 613,947 tons of avocados for 976 million dollars between January and September 2022, a period in which the country makes 99% of its shipments. The export volume increased by 11% but its value decreased by 10%, since the average price reached in this campaign stood at 1.59 dollars per kilogram, one of the lowest in recent years. The Peruvian nuevo sol has weakened considerably against the US dollar and producers are likely to be hit harder by the price crash now compared to two or three years ago when the currency was on solid footing. ...

Source: AgroNegociosPerú