Peru: Grain and Feed Annual
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Wheat imports in marketing year (MY) 2024/2025 are forecast at 2 million metric tons (MMT). Canada led the Peruvian wheat market in calendar year (CY) 2023 with 72 percent market share. Peru’s corn imports in MY 2024/2025 are forecast at 3.45 MMT, an increase of two percent from the previous year. Argentina led the Peruvian corn market in CY 2023, accounting for 83 percent of market share. Local corn production only accounts for a third of demand and Peruvian producers cannot utilize genetically-modified seed technology, which diminishes their ability to improve yields. Rice imports in MY 2024/2025 are forecast at 100,000 metric tons. Uruguay was the main rice supplier to Peru in CY 2023, accounting for 52 percent of market share.