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- (-) December 2017
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For over a decade, Peru has been one of the world’s top performing economies, registering sustained high growth accompanied by low inflation.
The total value of all retail food and beverage (F&B) sales was 52.2 trillion yen or $474.9 billion dollars.
Japan is the fourth largest export market for U.S. exporters of food and agricultural products.
Peru’s food processing industry is a dynamic sector of the national economy. U.S.-origin food processing ingredient exports to Peru are forecast at $202 million in 2017.
Japan’s hotel, restaurant and institutional food service industry (HRI) achieved record high sales of ¥32.42 trillion ($295.2 billion) in 2016.
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.
Peru’s food retail sector sales will rebound in the medium-term, benefiting from government stimulus measures seeking to boost consumer spending.
Japan’s Ministry of Agriculture, Forestry and Fisheries approved 70 European Union (EU)-proposed geographical indications for agricultural items on December 15, 2017.
Although Japanese production and consumption of citrus has been in decline for decades, market year (MY) 2016/17 marked a small increase from the previous MY.
Peru’s international recognition as a gastronomic hub has created opportunities to introduce complementary food products into the market.
Japan is likely to finalize a determination in January, 2018, that will allow the use of U.S. corn-based ethanol in the production of bio-Ethyl Tert-Butyl Ether (ETBE) from 2018.
Peruvian rice producers are demanding that the government reinstate import duties for rice.