Moody’s: Trade war impact on Peruvian economy not big

13/11/2018

Moody’s Investors Service Vice-President Jaime Reusche on Friday said he sees no sign of a significant impact of the U.S.-China trade war on the Peruvian economy. According to him, this conflict has made a distinction between solid emerging economies and vulnerable ones. “Investors are aware that Peru is the second best rated (country) in Latin […]

U.S. lifts ban on pomegranate aril imports from Peru

13/11/2018

The United States Department of Agriculture’s (USDA) Animal and Plant Health Inspection Service (APHIS) lifted the suspension of pomegranate aril imports from Peru. Thus, the federal order (DA-2018-36) —issued on October 4, 2018— updated and replaced another one published on June 11, 2018 (DA-2018-19), which suspended the importation of fresh pomegranate arils from the Inca […]

Peru: Diversification, domestic demand stabilize GDP and attract investments

13/11/2018

Peru’s product diversification and domestic demand strengthening enable a greater economic stability and potential to attract new investments, Standard & Poor’s (S&P) Analyst Livia Honsel affirmed Monday. “We have seen a good domestic demand growth, especially during the first half of 2018. There should always be economic diversification as well,” she expressed. “I think it […]

Moody’s: Peru companies to strengthen through 2019 as disruptions fade away

06/11/2018

Restored dynamism in Peru’s corporate sector in 2019 will follow a period of modest economic growth, Moody’s Investors Service projected in its latest report. Since 2017, Peruvian companies have had to fend off a number of hazards: weak metals prices, a turbulent political environment, Odebrecht-related corruption allegations, and devastating floods. “For 2019, we expect a […]

Peru agro-exports break record in Jan-Aug 2018

06/11/2018

Peruvian agro-exports totaled US$3.836 billion between January and August 2018, up 16% from the same period last year, Peruvian Agricultural Guild Association (AGAP) informed. According to AGAP, agriculture remains the Inca country’s second-major exporting sector, mainly underpinned by fresh fruits and vegetables, which registered a 22% rise. Shipments to Spain are about to match 2017’s […]

Peru remains attractive to foreign investment

05/11/2018

Peru remains attractive to foreign direct investment (FDI) amid a turbulent year for the global economy. A recent report by the United Nations Conference on Trade and Development (UNCTAD) revealed that global foreign direct investment (FDI) fell by 41% in the first half of 2018, to an estimated US$470 billion, from US$794 billion in the […]

Peru: Fishery sector increased 25.97% in August 2018

24/10/2018

Peruvian fishery sector’s production expanded 25.97% in August 2018, compared to the similar month last year, National Institute of Statistics and Informatics (INEI) informed Monday. This growth was underpinned by greater catches of species destined for direct human consumption (+30.82%). According to INEI, the unloading of species for frozen (+89.1%), cured (+20.1%), and canned (+1.9%) […]

Peru’s non-traditional exports expand 10.9% in August 2018

24/10/2018

Peru’s non-traditional exports amounted to US$1.133 billion in August 2018, up 10.9% compared to the same month a year before, Central Reserve Bank of Peru (BCR) informed. This growth was explained by the 11.8% increase in shipped volume, while the average price showed a slight decline (0.8%). Concerning the exported value, the financial entity noted […]

Peru to become world’s largest blueberry exporter

23/10/2018

Peru will become the world’s leading blueberry exporter through Chavimochic Special Project (PECH) —irrigation initiative targeting Chao, Viru, Moche, and Chicama valleys in La Libertad region. According to PECH Agricultural Extension Head Carlos Valverde, 76,000 tons of blueberries —valued at US$600 million— will be exported during the current campaign (2018-2019). Likewise, blueberry shipments reached US$281 […]

Processing of organic bananas in Peru

04/10/2018

Macfrut President Renzo Piraccini visited Peru and noticed that a cableway takes banana bunches from the field to the processing centers so there is no need for trucks or tractors. The entire chain holds the organic certification and only chlorine water is used for washing. “I was in north-west Peru, towards the Andes. Banana tiers […]