Andina

Peru: Farming sector accumulated 5.4% growth as of May 2024

17:00 | Lima, Jul. 23.

Last May, the farming sector increased 2.6%, as good results continued to be recorded in the peak months of the large campaign for products aimed at the domestic market, given the better weather conditions compared to 2023.

Thus, the sector accumulated a 5.4% advance in January-May 2024 compared to the same period in 2023.

During the analyzed month, agricultural production aimed at the domestic market grew 15.5% due to high agricultural yields and larger harvested areas in the Andean region, particularly of potatoes, starchy corn, broad beans, barley, pastures, and forage.

Non-traditional farming exports up 13.5% in May 2024

This responded to a better water outlook compared to the previous agricultural campaign, affected by adverse weather conditions.

In the coastal region, the increase in rice production stood out due to an increase in plantings; and tangerines given larger harvests.

The agro-industrial sector grew 6.7% because of the increase in hard yellow corn production given greater plantings, and sugar cane production due to the increase in harvests.

For its part, export-oriented production decreased 20.5% due to the prolonged impact of warm anomalies associated with Coastal El Niño phenomenon on olives, avocados, and grapes, alongside reduced coffee harvests owing to low rain in the Amazonia. This outcome was attenuated by increased quinoa production in Puno region.

On the other hand, poultry meat production rose 1.6% given higher placements of BB chickens.

(END) NDP/MVB

Published: 7/23/2024