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- (-) December 2017
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The growing hypermarket, supermarket and minimarket sectors offer significant opportunities for U.S. food products.
For over a decade, Peru has been one of the world’s top performing economies, registering sustained high growth accompanied by low inflation.
Peru’s food processing industry is a dynamic sector of the national economy. U.S.-origin food processing ingredient exports to Peru are forecast at $202 million in 2017.
Peru has established a new price band for rice that aims to increase importing costs. The new price band uses changes the reference price from Thai to Uruguayan rice prices.
Peru’s food retail sector sales will rebound in the medium-term, benefiting from government stimulus measures seeking to boost consumer spending.
In 2016 U.S. agricultural exports to Indonesia totaled more than $2.6 billion, making it the 8th largest market for U.S. agriculture.
On 23 November, the Ministry of Agriculture issued revised regulations on import licensing requirements for horticultural products.
Peru’s international recognition as a gastronomic hub has created opportunities to introduce complementary food products into the market.
Indonesia’s hotel and restaurant sector grew about 5 percent in 2017. Continued urbanization, tourism and MICE (Meeting, Incentive, Conference, and Exhibitions) activities drove the growth.
Peruvian rice producers are demanding that the government reinstate import duties for rice.
Rice supply and demand forecasts are unchanged from the last report, and only minor changes are made for wheat and corn.
Indonesia needs a variety of raw materials for its food processing industry, and offers significant opportunities for U.S. ingredient suppliers.