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Peru has established a new price band for rice that aims to increase importing costs. The new price band uses changes the reference price from Thai to Uruguayan rice prices.
Peruvian rice producers are demanding that the government reinstate import duties for rice.
Poultry production growing at five percent a year continues to drive demand for imported U.S. corn, making Peru our fifth largest overseas market.
Excessive rains caused by a coastal El Niño are causing flooding and landslides throughout Peru.