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import products It has risen sharply since the first year of the pandemic and continues to affect various supplies, including food.
According to a study by the Institute for Research and Development of Foreign Trade of the Lima Chamber of Commerce (Idexcam), between June 2021 and May 2022 alone, maritime transport of eight food products increased by 20-150%.
Among the food products in which the greatest increase in their fare international are:
- Raw soybean oil (20%)
- Refined soybean oil (22%)
- Milk and cream powder with a fat content of 1.5% with added sugar (70%)
- Powdered milk and cream with a fat content of 26% without added sugar (72.73%)
- Hard yellow corn (75%)
- Anhydrous milk fat (118.18%)
- Malt (137.50%)
- Half ground rice (150%)
The products mentioned are used in the processed food industry such as milk, biscuits and ice cream, as well as alcoholic beverages, food additives, oils and animal feed.
“These increases create problems for Business that they have already made their cost projections for this year, a situation that is further complicated by the war between Russia and Ukraine, a conflict that could continue until next year and affect the rise in prices for these resources,” CLC warns.
But not only freight rates for the transportation of products have increased, but in some cases, export prices for these resources have also increased.
According to the CCL study, six out of eight food sector inputs increased their export prices in Peru from 5.71% to 42.98%. In this situation, the final price of the product, what it costs the public, looks even higher.
“This forces importers to pay higher prices not only for their transportation, but also for the prices of these resources needed for the national food industry,” they said.
In addition, other value-added products such as dairy products, hard yellow corn and soybean oil have also been hit by price increases due to sanitary measures taken in countries of origin.
Prices for some inputs, such as semi-bleached or semi-bleached rice and malt, fell by 5.87% to 11.32%.
Source: RPP
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.