Peru’s Produce Exports May Rise Threefold in 10 Years

Peru may increase annual agricultural produce exports to as much as $10 billion within 10 years, from $3 billion this year, said Jose Chlimper, chief executive officer of Corporacion Drokasa SA, Peru’s top asparagus exporter and largest pharmaceutical group.

Growing demand in emerging markets including China, Vietnam and Russia may allow Peru to more than triple exports of fruit and vegetables by 2020, Chlimper, a former agriculture minister and a director of the central bank since 2006, told reporters in Lima today.

The Andean country must improve its roads, seaports and airports to reduce bottlenecks currently hindering exports and limiting growth in sales of products including asparagus, mangoes, citrus and potatoes, Chlimper said.

“As long as the world grows at 4 percent to 5 percent, there’ll be demand for Peruvian products,” Chlimper said. “We haven’t advanced in infrastructure in the past decade. We’re playing musical chairs at the airport and there are bottlenecks at the ports.”

Peru’s agricultural industry directly employs more than 1 million people and together with manufacturing accounts for 22 percent of the country’s exports, he said.

Chinese demand for fruit, fresh fish and wood products will help boost Peruvian exports 17 percent to $31.6 billion this year after last year’s 15 percent decline, Juan Carlos Mathews, export director at the government’s trade promotion agency Promperu, said in a Sept. 8 interview.

The sol was little changed at 2.8255 per dollar at 3:04 p.m. New York time from 2.8265 yesterday.

To contact the reporters on this story: John Quigley in Lima at jquigley8@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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