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- (-) April 2022
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Coffee production in MY 2022/2023 is forecast at 4.03 million 60-kilogram bags, an increase of two percent from the previous year. Peru’s coffee exports in MY 2022/2023 are forecast at 3.95 million 60-kilogram bags, a slight increase from the previous year.
Sugar cane production in MY 2023 is forecast at 11 MMT while cane sugar production if forecast to reach 1.32 MMT. Higher sugar prices are expected to encourage higher sugar output. The United States remains the main market for Peruvian sugar exports under the TRQ program.
FAS Lima forecasts Peru’s milk production at 2.3 MMT in CY2021. Milk consumption continues to outgrow production and is expected to reach 2.7 MMT in CY2021.
Peru’s food retail market is adapting to the economic hardships and realities arising from the Covid-19 pandemic.