Live Cattle From Panama to Peru

The Agricultural Bank of Peru is going to open a special credit line for the purchase of live cattle in Panama to supply the Peruvian domestic market.

Monday, November 11, 2013

The Comptroller General of the Republic revealed that up until August the value of exported cattle was $1.3 million, 37.6% less compared to the $2.1 million reported in the same period in 2012.

But this could be improved if Peru's plans to purchase cattle, taking advantage of existing FTA between the two countries, become firm, Negotiations are currently underway between the "Vice Ministry of Foreign Trade and the Embassy of Peru in Panama to establish financial facilities that will enable Peruvian livestock farmers to acquire cattle with high genetic quality from Panama to improve their herds and meet the demand for beef in their country " reported Capital.com.pa.

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