Peru: Grain and Feed Annual
Poultry production growing at five percent a year continues to drive demand for imported U.S. corn, making Peru our fifth largest overseas market. During MY 2017/2018, the U.S. corn market share is forecast down due to Argentina’s projected return to the Peruvian market. The U.S.–Peru Trade Promotion Agreement established a duty-free tariff rate quota for U.S. origin corn in Peru and excludes U.S. corn from the Peruvian price band while in-quota. Wheat imports are forecast up slightly in MY 2017/2018 due to consumption fueled by economic growth. The high quality of U.S. wheat continues to give the United States opportunities to compete against Canadian product. The USDA’s Animal and Plant Inspection Service (APHIS) negotiated less restrictive sanitary requirements for U.S. rice to Peru, offering possible opportunities to boost sales here.