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Planting of main crops, including corn and potato, fell 22% in August and September, mainly due to drought linked to El Niño. Agro-export crops such as blueberries were also affected.
The Instituto Peruano de Economía warns that El Niño, expected to last until winter 2027, will reduce farm household incomes and raise consumer prices if it intensifies.
A drop in corn planting in Peru lowers domestic supply and raises import needs, which supports corn prices. El Niño heat and rainfall anomalies also add to the risk of lower feed grain availability in the region.
elcomercio.peInstituto Peruano de Economía (IPENov 15, 2026After 1,469 past bullish weather events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.8%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
