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Peru: Coffee Production Looks Strong for 2016

We’re hearing anecdotally that Peru’s coffee production is going to be strong this year, maybe even returning to levels not seen since 2011 before the dreaded coffee rust came.

It’s not just coffee though, other export crops are fairing well in Peru:

 

Peru to double its exports by 2021

According to the Exporters Association (Adex), despite the stagnation experienced in 2015, Peruvian agricultural exporters expect to double exports to USD $10 billion dollars in 2021.

The union’s goal for 2016 is to surpass the USD $6 billion dollars in exports, thus overcoming the USD $5.093 billion dollars and 0.06 percent drop over 2014 achieved in 2015.

According to data from Adex, 85 percent of the non-traditional agricultural exports abroad are of fresh grapes, coffee, asparagus, avocado, quinoa, fresh mangoes, organic bananas, and paprika.

Worldwide, Peru is the number one exporter of asparagus (fresh, frozen and canned), quinoa, and maca; the second biggest exporter of asparagus and artichokes; the third biggest exporter of organic bananas and dried paprika, and the fourth largest exporter of table grapes and paprika powder.” Read more

Is Peru Firing Shots in the Currency Wars?

The Peruvian Sol

In today’s Gestion is an article regarding comments by Eduardo Amorrortu of Peru’s Association of Exporters, who says the Peruvian Sol needs to fall further in order to remain competitive.

While Brazil and Columbia currencies have fallen considerably more than Peru (Brazil 2.66 vs dollar at the beginning of the year- now 3.51, Columbia then 2377.50 – now 2960.89, both had fallen double digits before as well.)

The Peruvian Sol started the year at 2.985 vs the dollar (at this writing 3.23, having fallen even more since the China devaluation.)

As each exporting nation seeks to gain an advantage (which ultimately no one can,) China has fired the latest salvo in the recent devaluation, but already there are calls to respond:
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Peru News Roundup

Peru News

Fresh Peruvian Asparagus & Blueberries will be exported to the US according to a recent article in El Comercio. Both countries are developing systems to mitigate the risk of pests such as the fruit fly and allow more a more open process for exports to the US.
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