Mango prices plummet due to El Niño, while global prices cause Peruvian cocoa to lose 58% of its value

Peru's agricultural export sector is experiencing significant disruptions due to the El Niño phenomenon, leading to substantial declines in both the volume and value of key strategic crops. Official data from the Ministry of Agrarian Development and Irrigation (Midagri) indicates that mango production has been particularly affected by these climatic conditions.

Simultaneously, the global market for Peruvian cacao has faced severe volatility, resulting in a 58% loss in value. These combined agricultural challenges highlight the vulnerability of Peru's export economy to shifting weather patterns and international price fluctuations.