El Niño drives 200%+ price surges in Peruvian mandarins, sapote, carrots

Peru's 2023-2024 El Niño caused agricultural output losses, with mandarin, sapote, and carrot prices rising over 200% due to high demand and reduced per-hectare yields. The report highlights sustained supply-side pressure on food prices, though broader market impact is limited to Peru's domestic inflation.

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