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Peru’s food processing industry is a dynamic sector of the national economy. The food industry in Peru accounts for almost 27 percent of the industrial gross domestic product. The sector rebounded from a slight drop in 2020, achieving a 9.8 percent growth in 2021. U.S.-origin food processing ingredient exports to Peru reached $196 million in 2021.

Peruvian wheat production in MY 2022/2023 is forecast at 220,000 MT. Wheat imports in MY 2022/2023 are forecast at 2.25 MMT. Corn production in MY 2022/2023 is forecast at 1.7 MMT.

This report contains FAS-Nur-Sultan’s production estimates for MY2021/22 and trade estimates for MY2022/23.

Fishmeal exports reached a surprising 1.2 million metric tons (MMT) in MY 2021, the highest amount in ten years. However, production and exports are forecast to return to more normal levels at 910,000 and 896,000 metric tons, respectively.