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- (-) March 2015
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Export prices further declined 1 to 2 percent as supplies of new off-season rice continue coming into the market.
Export prices declined 2 to 3 percent due to rumors of large sales of government stocks and the weakening Thai baht over the past week.
MY2015/16 rice and corn production is expected to increase slightly due to average yield improvement that will offset anticipated acreage reduction.
Peru is the largest fishmeal exporter in the world.
In the past decade, one of the most apparent trends agricultural trade patterns has been the growth in agricultural trade between developing countries or so-called “South-South trade.”
Export prices continued to decline around 1 percent in anticipation of higher-than-expected sales of government rice stocks.
Export prices declined around 1 percent in anticipation of sales of government stocks in the public tender for 1 million metric tons of white rice.
U.S. corn exports to Peru sky-rocketed in CY 2014 to a record 1.7 MMT valued at $432 million.
The Andean Community of Nation's (CAN) issued Resolution 1762 on February 8, 2015, establishing that Ecuador is not authorized to impose import safeguards for goods originating from Peru and Colombia.
Peru’s calendar year (CY) 2015 pea and lentil imports are forecast at 73,000 metric tons (MT), up 16 percent compared to 2014.
The Thai Cabinet increased domestic palm oil supplies for cooking by at least 110,000 metric tons in February 2015 thru imports and a reduction in biodiesel mandates.