Peruvian Agricultural Harvest Issues Drive Market Shift from Europe to U.S.
- Reports
- 3
- Developments
- 6
- Repetition
- 33%
New informationRepeats or wire copies
What happened
Harvest issues in Peru are causing a market shift away from Europe toward the U.S. market due to a gap created by issues faced by primary suppliers in the U.S. market. While European market prices for certain produce ranged from €6.50 to €9.00 per box, smaller sizes were proving difficult to sell. This situation has led to the peak in shipments occurring earlier, forcing an exit from the European market.
From freshplaza.com
Why it matters
Peruvian producers are actively exploring new opportunities to support growth, with about 50 percent of a company's product going to the United States. The redirection of volume to the U.S. market is underway, utilizing the gap created by issues faced by other suppliers in that market.
Who's involved
- PeruMajor producer of produce affected by harvest issues and market shifts.
- EuropeEuropean market where certain produce is experiencing price pressure and early exit.
- agricultureThe cultivation of plants and animals whose products are being redirected due to market gaps.
- Calavo GrowersA company whose growth strategy involves international export markets.
- EnglandThe market where price declines and volume issues are impacting all constituent parts.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- PeruSpeculative
Peru could benefit from the redirection of volume to the U.S. market to fill supply gaps.
- EuropeSpeculative
The European market might face reduced volume and price pressure due to producers exiting early.
- agricultureSpeculative
Agriculture might stabilize supply and address market gaps through the redirection of produce.
How it developed
Newest first. Tap a step to see who reported it.- A delegation led by George Pirie traveled to Peru to discuss trade opportunities, seeking economic exchange due to issues in the US market.Sub-event
- Peruvian ginger production is being exported from Peruvian growing regions, with primary destinations being North America and European markets.Sub-event
- Peru is a major mango producer, with Piura being the main growing region. Market issues arise as European retail programs prefer smaller fruit, while light flowering promotes larger mangoes.Sub-event
- Peru competes in the US market with different product offerings.Sub-event
Peruvian harvest issues are causing a market shift away from Europe towards the U.S.1 source
Peru successfully developed new export markets within the EU.1 source
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The entities involved
Related events
- Phytosanitary requirements and market pressures are affecting the trade of Peruvian ginger destined for European and North American markets.
- The successful strategy of balancing fruit production between Mexico and Peru is leading to improved business margins.
- Occidental Petroleum is targeting exploration opportunities in the offshore waters of Peru.
- Peru studies successful agricultural models from Brazil.
- Peru faces US tariffs on agricultural exports while finalizing trade agreements with India and pushing tariff talks at the UNGA.