Overview
- Retail markets in regions such as Piura are already showing sharp price rises and wide price dispersion for staples including rice, cooking oil, fish and avocado.
- The Banco Central de Reserva del Perú listed vulnerable crops such as rice, lemon, potato, banana and avocado and said food-price pressure helped lift its 2026 inflation projection to about 3.8%.
- MIDAGRI reported that 10,044 tonnes of food reached Lima’s main wholesale centers on October 27, with 7,631 tonnes going to the Gran Mercado Mayorista de Lima, indicating current availability in the capital.
- Conveagro warned that higher temperatures, altered rainfall and new pests like the 'polilla guatemalteca' could cut future harvests and decapitalize small farmers unless the state provides credit or guarantees.
- Officials expect much of the price pressure to ease after March–April 2027 but say the near-term spike could raise inflation, worsen household food costs and disrupt planting decisions if conditions intensify.