{"id":4784,"date":"2017-04-20T15:50:52","date_gmt":"2017-04-20T15:50:52","guid":{"rendered":"https:\/\/grains.org\/ltamex\/peruvian-corn-imports-exceed-five-year-average-in-first-half-of-2016-2017\/"},"modified":"2017-04-20T15:50:52","modified_gmt":"2017-04-20T15:50:52","slug":"peruvian-corn-imports-exceed-five-year-average-in-first-half-of-2016-2017","status":"publish","type":"post","link":"https:\/\/grains.org\/ltamex\/peruvian-corn-imports-exceed-five-year-average-in-first-half-of-2016-2017\/","title":{"rendered":"Peruvian Corn Imports Exceed Five-Year Average In First Half Of 2016\/2017"},"content":{"rendered":"
\u201cThe U.S.-Peru Trade Promotion Agreement has served to generate a continuing, symbiotic trade relationship between the United States and Peru that shows no signs of diminishing.\u201d <\/span><\/p>\n That bold statement – published in an April 10, 2017 Global Agricultural Information Network (GAIN) report <\/a>produced by the U.S. Department of Agriculture\u2019s (USDA’s) Foreign Agricultural Service (FAS) – rings true for U.S. feed grain and value-added exports to this growing South American market. <\/p>\n \u201cThe Peru trade agreement has been the major driver in growing U.S. corn imports,\u201d said Ana Maria Ballesteros, USGC co-products specialist in Latin America. \u201cThe agreement also provides an opportunity for other U.S. agricultural products such as distiller\u2019s dried grains with solubles (DDGS) and sorghum.\u201d <\/p>\n Peruvian imports of U.S. corn in the first six months of the 2016\/2017 marketing year (Sep. 2016-Feb. 2017) exceeded the five-year average for total sales, driven by attractive prices, duty-free quotas under the U.S.-Peru Trade Promotion Agreement (PTPA) and market development efforts by the U.S. Grains Council (USGC) and FAS Office of Agricultural Affairs in Lima, Peru. <\/p>\n Peruvian corn imports for the first half of the 2016\/2017 marketing year (Sept. 2016-Feb.2017) totaled 1.32 million metric tons (51.97 million bushels), a 36 percent increase over 2015\/2016 imports during the same time period the prior year (971,000 metric tons or 38.2 million bushels). These six months of sales outpace the five-year marketing year average total of 1.24 million metric tons (48.8 million bushels). <\/p>\n Peruvian buyers also purchased more ethanol, poultry, beef and pork products measured in corn equivalent and corn gluten feed than during the same time period the year prior. <\/p>\n To continue building opportunities for U.S. feed grains and value-added products with Peru\u2019s growing poultry and dairy industries, the Council is working to develop confidence in U.S. corn, offer training and information to end-users, introduce other agricultural products to the market, and promote and support feeding trials.<\/p>\n These activities, in combination with favorable trade policies that provide market access and attractive prices, will help secure a long-term U.S. market share in Peru. <\/p>\n \u201cMore than an attractive price is required to keep this market,\u201d Ballesteros said. \u201cEnsuring Peru is committed long-term to buying from the United States is critical work for the Council.\u201d<\/p>\n