Peru’s wheat production in MY 2014/15 (July/June) is forecast to reach 230,000 metric tons (MT), down 3,000 MT or 1 percent from our MY 2013/14 estimate of 233,000 MT. FAS Lima forecasts Peru’s wheat imports in MY 2014/15 at 1.75 MMT, up 30,000 MT or about 2 percent compared to MY 2013/14. Corn production in MY 2014/15 (October/September) is forecast to reach 1.76 MMT while imports are expected at 2.3 MMT. U.S. corn exports to Peru are benefiting from a variable levy imposed to corn imported from other origins (currently $59 per MT) under the Peruvian Price Band System. Within quota U.S. corn is not assess such levy.
