What factors will influence the price of food in the coming days in Peru?
Peru
Published Nov 17, 2020
Tridge summary
The president of Conveagro, Clímaco Cárdenas, and the economist Jorge Gónzalez Izquierdo explain what the prices of basic foods will depend on in the following days.
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 ...
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