{"id":3608,"date":"2015-01-29T13:37:54","date_gmt":"2015-01-29T13:37:54","guid":{"rendered":"https:\/\/grains.org\/ltamex\/building-on-record-year-imports-usgc-corn-harvest-report-perfectly-timed-in-peru\/"},"modified":"2015-01-29T13:37:54","modified_gmt":"2015-01-29T13:37:54","slug":"building-on-record-year-imports-usgc-corn-harvest-report-perfectly-timed-in-peru","status":"publish","type":"post","link":"https:\/\/grains.org\/ltamex\/building-on-record-year-imports-usgc-corn-harvest-report-perfectly-timed-in-peru\/","title":{"rendered":"Building on Record Year Imports, USGC Corn Harvest Report Perfectly Timed in Peru"},"content":{"rendered":"
Peru has started the year with surging U.S. sales, filling its import quota for U.S. corn of 709,260 metric tons (27.9 million bushels) in the first seven days of the year. In the 2013\/2014 marketing year, Peru finished as the eighth-largest U.S. corn export destination, setting an historic record of more than 1.2 million tons (47 million bushels) imported. And, if the anticipated accumulated exports to Peru are realized, within the first 5 months of the 2014\/2015 marketing year, it will have already exceeded the total imports of the 2013\/2014 marketing year.<\/p>\n
After a standstill of corn imports in the previous few years, these figures are a refreshing change and created a timely backdrop for the U.S. Grains Council\u2019s presentation to Peruvian buyers of the 2014\/2015 Corn Harvest Quality Report<\/em> <\/a>results.<\/p>\n Members of a U.S. Grains Council (USGC) team in the country last week held face-to-face meetings with key buyers and end-users of U.S. corn to help them plan appropriately for the coming year. Team participants included:<\/p>\n During these consultations, the Council members and staff used the corn quality report to demonstrate the advantages of U.S. corn.<\/p>\n \u201cThe Peruvian buyers and end-users were thankful to be presented with such timely, reliable and transparent information,\u201d Bowman said. \u201cThey asked numerous questions about farming in the United States and how low corn prices would impact U.S. planting decisions in 2015.<\/p>\n \u201cAfter addressing their questions, the buyers and end-users left the meeting with a greater confidence in the United States\u2019 ability to meet their corn demand.\u201d<\/p>\n While the price is currently attractive to importers and end-users, the reputation of U.S. corn quality has room for improvement.<\/p>\n \u201cSome of the larger grain importers said they returned to U.S. corn this past year, but didn\u2019t have positive experiences,\u201d Carrow said. \u201cJust like in Colombia, educating importers on contract specifications and purchasing power will significantly help them receive the desired grain and ultimately improve their perception of U.S. corn.<\/p>\n \u201cWhile the international prices of corn triggered the influx of U.S. imports, as the pendulum swings, it will take more than an attractive price to keep this market. Ensuring this market is strong over the long term is critical work for the Council.\u201d<\/p>\n The Peruvian presentation of the harvest quality report is one of many happening this month around the globe. A companion report, the Corn Export Cargo Quality Report,<\/em> will be available in the spring to help educate customers about the quality of U.S. corn as it is loaded for export. <\/p>\n\n