The non-traditional agro-export sector accounted for 17.6% of Peru’s total shipments overseas in the first two-month period of the year, the Peruvian Foreign Trade Society (Comex-Peru) reported. Non-traditional agro-exports totalled $1.303 billion between January and February, an increase of 13.5% compared to the same period in 2020. In this case, shipments of fresh grapes ($509 million, up 27.1%), mangoes ($166 million, up 3.5%), blueberries ($45 million, up 25.6%), and avocados ($39 million, up 76.2 %%) stood out.
Credit to the private sector —which includes loans granted by banks, finance companies, cooperatives, as well as municipal and rural savings banks— grew 9.4% year‐on‐year in March, mainly due to loans associated with the Reactiva Peru Program, the Central Reserve Bank (BCR) has reported. Excluding the effect of this program, total credit to the private sector would have fallen 7.0% year-on-year.
Grape production in Peru totalled 109,350 tons in February this year, an 11% increase compared to the same month in 2020, the National Institute of Statistics and Informatics (INEI) reported. According to INEI, this result is explained by suitable climatic conditions that favoured grape production in regions like Ica (16.1%), Lima (10.5%), Tacna (8.7%), and Arequipa (6.5%), which accounted for 90% of the total production.
The Executive observed the law authorising a new withdrawal of funds from the Pension Fund Administrators (AFP). In the file sent to Congress, the government proposed that the withdrawal of up to S/17,600 soles should only be for those members who have not contributed for three consecutive months as of 30 April, among other comments. Monday was the deadline for the executive branch to make a decision on the third withdrawal granted by Congress to the millions of members of the private pension system.
Peru’s sol currency plunged to a new historic low on Monday following weekend polls that showed a growing lead for socialist presidential candidate Pedro Castillo. The sol fell 0.92% at open to S/3,820 - S/3,825 per dollar.