The Peru imported in the 12 months of 2021 a total of 1,856 million 087,714 kilos of wheat for a CIF value (includes import costs) of US$ 573,053,427 million; according to the portal Agrodata Peru.
This figure reveals an increase of 9.79% from the 516 million 951,798 dollars (2,111 million 990,148 kilos) reached in 2020; and 17.16% compared to the 474 million 732,578 dollars of 2019 (1,872 million 065,080 kilos).
According to Ramón Diez Matallana, an expert in agricultural economics from the Agrarian University, he explained that 90% of the wheat consumed in Peru is imported.
Likewise, the professor highlighted that wheat futures have soared since 2021 due to climate problems from Australia to North America. And so far in 2022 because of concerns about supply disruptions if the geopolitical conflict between Russia and Ukraine breaks out.
“Importers cannot continue spending the same amount or bring the same volume of the product because the price is higher, they bet on less quantity, even so they are spending more. It is a matter of budget given the volatility of the price”, said the expert.
Last Friday, February 18, wheat prices ended the day with ups and downs in the US market. In Chicago, the cereal closed with an uneven balance that was reflected in slight falls for the first positions and slight rises in the most distant ones. In Kansas, on the other hand, wheat managed to end the round with gains of US$4.50 for both the March and May positions.
According to AgroTruth, from Argentina, the disparities were related “to the concern generated by the lack of humidity in the winter producing areas and the possibility that very low temperatures could be recorded by the middle of next week, capable of damaging crops.” devoid of the layer of snow that should protect them.
Alicorp, largest importer of wheat in Peru
Among the main importing companies, Alicorp concentrated 35% of cereal imports, with acquisitions for US$ 200,779,135 for 659 million 150,804 kilos.
It is followed by Seaboard Overseas Peru, with 73 million 517,089 dollars (13%); ADC Corporation, with 47 million 123,052 dollars (8%); Compañía Molinera del Centro, with 45 million 652,268 dollars (8%), Anita Food, with US$ 46 million 877,081 dollars and Molitalia, with 30 million 612,000 dollars.
Source: Larepublica
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