Peru: Grain and Feed Annual
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Peru's corn imports are forecast to continue to grow due to demand from the booming poultry industry. U.S. exports of corn fell in marketing year 2019/ 2020, but should rebound in marketing year 2020/2021 as the Peruvian price band reactivates. The Peru's Consumer Defense and Intellectual Property Right Institute dismissed its self initiated countervailing duty case against U.S. corn exports to Peru in January 2020. While Peru's wheat exports remained relatively stable, the U.S. wheat exports to Peru are forecast to increase, reaching 800,000 MT in MY 2020/2021.