Peru’s superfoods shine at Europe’s largest wholesale food market

26/11/2019

Peruvian superfoods were exhibited at the symbolic Grand Palais in Paris for the 50th anniversary of the iconic Rungis, the largest wholesale market for fresh produce in the world, Peru’s Exports and Tourism Promotion Board (PromPeru) has reported. The Peruvian delegation included five companies, whose products were featured in a strategically located booth that caught the eye of more than […]

Peru: Blueberry exports likely to exceed US$700 million in 2019

26/11/2019

The Peruvian Agriculture and Irrigation Ministry (Minagri) has projected that blueberry exports may exceed US$700 million at the end of the current year. In the January-October 2019 period, blueberry shipments to international markets reached US$538 million (73,866 tons). During the last five years, said exports experienced exponential growth. In 2018, 73,903 tons of blueberries were exported for a FOB […]

Fresh grape exports expanded 18% in Jan-Aug 2019

24/10/2019

Peruvian fresh grape exports totaled US$361 million between January and August 2019, thus increasing 18% compared to the same period last year, Lima Chamber of Commerce (CCL) informed on Wednesday. According to CCL’s Foreign Trade Center (CCEX), this outcome positions the Inca country as the third-largest fresh grape exporter in the world. CCEX Manager Monica Chavez indicated that this rise […]

Country risk down to 125 basis points

24/10/2019

On October 9-16, Peru’s country risk indicator —measured by the EMBIG Peru spread— fell from 129 to 125 bps, the Central Reserve Bank has reported. In the same period, the EMBIG LatinAmerica spread fell 12 bps to 458 bps amid better prospects for the trade negotiations between China and the United States. On September 16, […]

Peru: Northern Macroregion farming exports up 11% in 1H 2019

09/10/2019

Peru’s Northern Macroregion farming exports increased 11% to US$1.099 billion in the first half of 2019, privately-run Perucamaras has reported. According to Perucamaras, this sector had the second-highest share in the northern area’s export structure. The main exported products were avocados (US$243 million, +23.8%) and mangoes (US$142.9 million (-10.8%). They were followed by animal feed (US$94.8 million, -3.1%), bananas (US$83.8 […]

Peru: Mining, hydrocarbon sector rose 4.15% in August 2019

09/10/2019

Peruvian mining and hydrocarbon sector’s production expanded 4.15% in August 2019, underpinned by the hydrocarbon sub-sector (+38.20%), National Institute of Statistics and Informatics (INEI) informed Tuesday. However, the metallic mining sub-sector decreased 0.35%. It should be noted the hydrocarbon segment recorded the highest rise so far this year in August. It was boosted by a greater […]

Peruvian origin of pisco recognized by 70 countries

09/10/2019

Peruvian appellation of origin of pisco is recognized by 70 countries around the world, and this recognition came for the quality of its flagship drink, Peru’s Exports and Tourism Promotion Board (PromPeru) has affirmed. “Our national drink has 70 denominations of origin recognized by the same number of countries, and we are working on the protection of […]

Peru: ProInversion portfolio contains 55 projects worth US$9.211 billion

09/10/2019

Peru’s State-run Private Investment Promotion Agency (ProInversion) has informed that its updated portfolio contains 55 projects, requiring a total investment of US$9.211 billion. “(…) 36 of them are in the formulation process,” ProInversion Executive-Director Alberto Ñecco expressed. In this sense, he indicated that the ministries should complete said process, so ProInversion is able to develop […]

Peru: Copper production to expand 27% by 2022

09/10/2019

Peruvian copper production will expand 27% by 2022, underpinned by the progress and start of operations of mining projects, especially in the country’s southern area, Energy and Mines Minister Francisco Ismodes projected Thursday. “Concerning the geological and mining potential, we know our country is the world’s second-largest producer of copper, and we have improved in the last […]

Peru agro-exports to keep rising, hitting US$11 billion by 2021

09/10/2019

Peruvian agro-exports are expected to total US$11 billion by 2021, said Erik Fischer, chairman of privately-run Association of Peruvian Exporters (Adex), on Wednesday. The legal framework of the extension of the Agricultural Promotion Law will be helpful in this respect. “Some 2.6 million additional jobs will be created in the country if we reach this goal,” […]