Peru: Commodity Prices Hit Peruvian Livestock Industry
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Increasing corn and soybean meal prices are affecting livestock producers’ bottom line. Poultry and dairy producers are the most affected. In 2020, Peru’s livestock industry utilized 5 million metric tons (MMT) of corn of which only 1.2 MMT was produced locally. Peruvian soybean meal imports reached 1.3 MMT in 2020.