Peru Vegetable Oil insights

(Agraria.pe) Between January and September of this year, Peruvian exports of crude palm oil reached US$ 39,327,968, showing a contraction of -37.31% compared to the US$ 62,737,282 registered in the same months of 2023. In the first nine months of 2024, shipments of crude palm oil by Peru amounted to 42,526,582 kilos, showing a reduction of -35.74% compared to 66,180,424 kilos.

In August 2024, Peru exported 570 tons of Brazil nuts for a total value of $4.14 million, representing an increase of 10% in volume and 41% in value compared to the same month of the previous year. Likewise, the average export price experienced a notable increase of 28%, settling at $7.27 per kilogram. According to FreshFruit, the number of markets that purchased Brazil nuts during August reached a total of 19, one more than in the same month of last year. The United States consolidated itself as the main importer, representing 25% of the total, with purchases for $1.02 million and 117 tons, at an average price of $8.71 per kilogram. It was followed by South Korea, with a 24% share, importing Brazil nuts for $1.01 million and 115 tons, at an average price of $8.84 per kilogram. Other relevant destinations included Türkiye (6%), New Zealand (6%) and Lithuania (4%). As for exporting companies, La Nuez S.

(Agraria.pe) Between January and July of this year, Peru exported 38,692,631 kilos of refined palm oil for a FOB value of US$ 38,498,813, according to data from the consulting firm Agrodata. According to this source, the main destination of these shipments was Chile, where sales were made for US$ 11,492,000. Next in line were Brazil with US$ 7,577,000, Colombia with US$ 7,022,000, and Guatemala with US$ 6,579,000.