Value chains of Peruvian ginger, turmeric, and oregano will be strengthened with a contribution of US$ 28.6 million from the US government
Innovation & Technology
Market & Price Trends
Published Nov 30, 2023
The United States government is investing $28.6 million in the ginger, turmeric, and oregano supply chains in Peru through the PENS project. The objective of this project is to support farmers, processors, and producer organizations in increasing productivity and expanding commercial opportunities. The project will focus on various regions in Peru and aims to see a significant increase in production, with estimates of a 35% increase in ginger production, 5-9% increase in turmeric production, and a 12% improvement in oregano production.
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Anthony Gilbert, regional advisor for agriculture at the Office of Agricultural Affairs of the United States Embassy, highlighted that this initiative is being developed with the important bilateral agricultural trade between his country and Peru as a reference, within the framework of the Free Trade Agreement. which has been in force for almost 15 years and which eliminated all tariff barriers. “The FTA promoted investment and the growth of bilateral trade in agricultural products from the United States with wheat and soybeans, and from Peru with high-quality fruits and vegetables. Consumers in both countries have access to a wide variety of products and opportunities […] In the 1990s, Peru exported few agricultural products worth approximately $600 million, but today Peru is a global supplier with estimated agricultural exports in more than 10,000 million dollars, of which just over 4,000 million dollars go to the United States,” he declared. Impact and perspectivesThe objective ...