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Agriculture | 12 January, 2009 [ 13:19 ]

Peru's agro-export sector to suffer consequences of economic crisis


Living in Peru
Israel Ruiz

Peru's agro-export sector will suffer the effects of the economic world crisis, especially in the second semester of 2009, affirmed the Andean country's Minister of Agriculture, Carlos Leyton, explaining there had been a decrease in exports.

"The entire agro-export sector will suffer some type of decrease in terms of speed when compared to the rate it was progressing," said Leyton.

The minister of agriculture explained El Comercio newspaper that drops during the first semester of 2009 would not be too serious but that things would be "clearer in the second semester".

When asked which agro-exports had been affected the most, Minister Leyton mentioned asparagus, artichoke, peppers and grapes were being hit hardest by the financial crisis and were not being exported in quantities as great as last year.

"We have to wait and see what happens because there are agro-export sectors that will harvest their products in June," explained the minister.

He confirmed that Spain was not purchasing Peruvian products the way it had last year and that China had reduced the quantity of its Peruvian imports. This is affecting the development of Peruvian agro-exports.

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1 Comment

# Viracocha says :
13 January, 2009 [ 20:13 ]

Hola todos,
I don't know about Spain, but with the FTA with China being imminent,the current reduction of Peruvian imports by China is a common strategy used by China to create some desperation for its "trading partner" and cause a "sell at any price" situation for the exporters of that country.
Of course it will also have "strings attached"...for example..."reduce your tariffs on your locally protected items so we can sell more to you !!"
Find other trading partners....widen the field for your exports....many buying little is better than main partners not buying much.

Please be wary Peruanas....the above scenario will not help the unemployment situation in Peru much........ but I am afraid that the old expression .." a drowning person will grasp any hand of help offered" may come into play.

I pray for Peru.
Chau,
Viracocha

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