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- (-) March 2020
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Rice export prices remain unchanged at high levels due mainly to new inquiries for immediate shipments driven by the coronavirus outbreaks.
Rice export prices further increased 2-4 percent to a six-year record high due to a continued surge in domestic rice paddy prices that offset the weakening of the Thai baht.
MY2020/21 rice and corn production are expected to recover to record levels following lower production levels in MY2019/20 caused by adverse weather conditions and pest outbreaks.
For over a decade, Peru has been one of the world’s top performing economies, registering sustained high growth accompanied by low inflation.
Rice export prices spiked 6-7 percent due to a strong demand for white and parboiled rice to fulfill contracted shipments, mainly to African countries.
Rice export prices increased 1 to 2 percent due to tighter supplies of white paddy rice and the strengthening of the Thai baht.
Peru's corn imports are forecast to continue to grow due to demand from the booming poultry industry.