Peru: Imports of U.S. Corn Soaring in 2017
Peruvian imports of U.S. corn continue skyrocketing, reaching 1.5 MMT ($251 million) during January/April 2017. The U.S-Peru Trade Promotion Agreement, implemented in 2009, is instrumental in driving demand for U.S. corn. The agreement excludes U.S. corn from Peru’s variable levy that was imposed on other suppliers such as Argentina. Strong demand for U.S. corn from Peru’s expanding poultry sector is another factor behind this growth.
