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Peru: Ag Promotion Law repeal pushes investors to Colombia
July 12 , 2021
The repeal of Peru s Agricultural Promotion Law, which provided financial advantages, has prompted companies to move production to countries such as Colombia, Mexico and Brazil.
Peru is the fourth largest Latin American investor in Colombia and ranks 19th among all investors in the country, according to ProColombia.
Colombia has accumulated investments totaling US$1.6 million over the last decade, as stated by data from Banco de la República. Peruvian investment in Colombia has been multisectoral, reaching different areas of the economy including the agricultural sector, services, manufacturing and logistics among others, the President of ProColombia, Flavia Santoro told FreshFruitPortal.
March 17 , 2021
The CEO of Mission Produce has said that the fragmented mango industry is ready for a leader, and he expects that the company will be able to one day take that role.
Steve Barnard was speaking on an earnings call for the first quarter, days after the leading avocado company announced it would begin selling mangoes under the Mission Produce label.
He explained that Mission has been in the mango business since 2015 by owning and operating 300 hectares of mangos in Peru, but only recently it had decided to take it to the next level. The wonderful thing about mangos is that they have a harvest cycle opposite to that of avocados, he said.