What factors will influence the price of food in the coming days in Peru?

Published 2020년 11월 16일

Tridge summary

Peruvian food prices for the basic basket experienced fluctuations due to a combination of factors, including a political crisis, reduced supply, and a strike by farmers. The supply contraction is attributed to decreased crop production and limitations for producers to sell during the early months of the state emergency. The small north of the country saw an agricultural strike, disrupting the distribution of vegetables and legumes, which contributed to the price increases. Despite initial price surges, particularly for celery, Chinese onion, and coriander, prices have begun to stabilize as the strike resolution and the end of the protest. Economists suggest that price increases could persist if the drastic crop reduction is significant.

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

Original content

Food prices for the basic basket increased at the beginning of last week, but began to decline in recent days. Although these fluctuations in prices coincided with the political crisis that the country is going through, there are other factors that influenced them and that would determine their behavior in the coming days. The president of the National Convention of Peruvian Agro (Conveagro), Clímaco Cárdenas, argued that the rise in prices is related to a contraction in supply caused by the reduction of crops in previous months and a strike by farmers on the outskirts of Lime. On the one hand, he said, producers were greatly affected by the limitations to sell their food during the first months of the state of emergency. For this reason, the producers had fewer resources to invest in planting and only a small part accessed the FAEAgro credits. Until October, four months after its creation, only 2% of this fund had been placed. “There is less production and this causes prices to ...

Source: AgroForumPeru