Agricultural prices rise in Chile and Peru due to weather and costs

Agricultural products are experiencing price increases across South American markets due to adverse weather conditions and rising operational costs.

In Chile, Luis Lara, president of the wholesale market association AFEMA, warned that fruit and vegetable prices are expected to rise significantly during the summer. He attributed this trend to unexpected spring rains and hail, which have damaged crops such as cherries, peaches, apricots, watermelons, and strawberries. Additionally, rising fuel and agricultural input costs are contributing to the upward pressure on prices.

In Peru, families are facing higher costs for staples at the Gran Mercado Mayorista de Lima. Prices for yellow potatoes have increased by nearly 30%, while corn and red onions have also seen sharp rises. Merchants cite difficult planting conditions, weather patterns, and reduced harvests as the primary drivers for the limited supply. While some items like tomatoes have seen price reductions, the overall increase in essential goods is impacting household budgets.