The value of the land transport costs is between 30-40% more expensive and maritime shipping has risen by over 50%. “There is a direct, devastating impact on the results for this year,” according to Miguel Ángel Loayza del Castillo.
“The war and sky-high inflation rates are undermining tropical fruit consumption,” with some families seeing their purchasing power dropping, and this is being passed on to the shopping basket. According to the official statistics in June, the drop in family fruit and vegetable purchasing and consumption dropped by 14%. A complicated context, as explained by Miguel Ángel Loayza del Castillo: “The drop in prices and demand this year are obstacles for company competitiveness.”
Peru is one of the company’s main sources and its avocado production is on the rise. “In the mountains there are already 10,000 new hectares that will start to introduce fruit over the next few years every February. The volumes from the new Peruvian plantations will affect the market in the short term,” Loayza del Castillo forecasts.
