Loading…
An Oxford Business Group analysis says Peru's agricultural output grew 7.5% in 2018 to PEN29.4bn, with strong gains in olives, cotton, rice and other crops. Food exports are now second only to mining as a source of foreign currency.
Peru ranked first worldwide in fishmeal production in 2018.
Peru's growing agricultural and fishmeal output supports its export position in Asian markets, which matters for fishmeal supply. The piece is background on trends rather than a new shock, so it has limited direct price impact.
oxfordbusinessgroup.comOBG AdminJun 18, 2019Not enough comparable past events yet for a historical read.
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.
