AGP Executive Report

Southern Gas Pipeline Restart: Peru’s President Jose Maria Balcazar says the long-stalled Southern Gas Pipeline project will be unblocked, framing it as a “revolution” for the southern regions and jobs, with public-private investment and stalled World Bank-backed projects in Puno also moving again. Mining Water Infrastructure: ACCIONA will commission two water treatment facilities at Newmont’s Yanacocha mine in Peru under a 19-month contract, covering commissioning management, testing, vendor coordination, and early operations support with environmental compliance and safety. Peru Agriculture & Exports: Peru’s blueberry exports are expected to top 400,000 tons in 2026 as growers shift varietals for Asian markets, while Peru’s soursop cultivation area has surged more than 110% from 2000 to 2024. Ancient Food Discovery: Archaeologists report 500-year-old freeze-dried Inca potatoes (chuño) found at Tambo Viejo in Peru, offering rare insight into Andean preservation and storage practices. Health Tech in Peru: Orbis’ Flying Eye Hospital has arrived in Peru to expand access to essential eye care, including an ophthalmic training push in Arequipa.

Peru Health & Training: Orbis Flying Eye Hospital launched a two-week ophthalmic training project in Arequipa, aiming to expand access to cataract, glaucoma, oculoplastics and retina care while building local surgical and clinical capacity with workshops and hands-on training. Peru Politics: A new report says Peru is poised to return Keiko Fujimori to the presidency after a razor-thin runoff, framing it as part of a wider Latin America shift toward conservative and center-right leadership amid security and economic concerns. Peru Mining & Energy Outlook: Separate coverage highlights how Peru’s lithium push is tied to strategic mineral projects, while broader copper market analysis points to a potential 2026 supply-demand squeeze driven by AI data center power needs. Peru Agriculture Exports: Peru’s blueberry exports are expected to exceed 400,000 tons in 2026, alongside notes on growers shifting varietals for Asian markets. Peru Infrastructure & Services: A Peru-linked logistics/maintenance item notes Condra expanding remote diagnostics and training for crane maintenance, including deployments in Peru.

Healthcare & Training: Orbis Flying Eye Hospital returned to Peru for a two-week ophthalmic training project in Arequipa, partnering with the Ministry of Health and Hospital Regional Honorio Delgado Espinoza to expand cataract, glaucoma, and retina care in southern and rural communities. Agri-Exports: Peru’s blueberry exports are projected to top 400,000 tons in 2026, supported by 20,000+ certified hectares, though Coastal El Niño conditions raise fungal disease risks that could hit fruit quality. Mining & Critical Minerals: A “Frontier Rush” is reshaping copper and critical-minerals investment, with capital shifting toward Northern Peru and the Andean belt as majors pursue de-risked mid-tier assets amid supply-chain pressure. Energy & Infrastructure: Venezuela’s Tocoma hydroelectric deal (2,640 MW) moves forward via an agreement with IMPSA, aimed at strengthening grid stability and industrial development. Climate & Labor: New research highlights how heat stress can erode farm workers’ incomes and productivity, adding pressure to food security. Politics: Keiko Fujimori appears poised to return to Peru’s presidency after a razor-thin runoff, signaling a broader conservative shift across Latin America.

Peru Blueberry Boom: Peru is expected to top 400,000 tons of fresh blueberry exports in 2026, with BASF pointing to 20,000+ certified hectares and tighter agronomic management to protect fruit quality despite Coastal El Niño risks. Food Prices Pressure: Rising berry prices are hitting household budgets hardest for parents of toddlers, turning a common snack into a recurring expense. Mining & Critical Minerals: Global copper demand is being reshaped by AI-ready data centers, while the wider market is also seeing a “mid-tier consolidation” push as majors look to buy rather than build. Trade & Logistics: DHL says it will scale new energy logistics revenue from about €600M in 2025 to €3B by 2030, with expansion plans that include Peru. Governance & Environment: A Chennai NGO petitioned to halt a residential project tied to Pallikaranai marshland protections, underscoring how permitting decisions can stall construction. Security Spillover: US-Venezuela operations reported the death of Tren de Aragua leader “Niño Guerrero,” a reminder of regional instability affecting Peru-linked criminal networks.

Critical Minerals Policy: Peru moved to fast-track its energy-transition pipeline by issuing a Supreme Decree recognizing lithium and uranium as “critical and strategic” minerals, aiming to streamline permitting for key projects like American Lithium’s Falchani and Macusani. Logistics for the Energy Shift: DHL says it will scale new-energy logistics revenue from about €600M (2025) to €3B by 2030, expanding services across wind, EVs, batteries, hydrogen and grid infrastructure, with EV/battery “centres of excellence” planned including in Peru. Mining M&A Watch: A global mining analysis points to 2026 as a “mid-tier consolidation” year, with majors increasingly buying de-risked junior assets—especially as copper demand tightens and AI-driven data centers intensify copper needs. Security Spillover for Peru: Multiple reports say the Tren de Aragua leader “Niño Guerrero” was killed in a US-Venezuela joint operation, with the gang active across Peru—raising pressure on regional security and enforcement. Elections: Peru’s presidential runoff remained razor-thin and unresolved as vote counts neared completion, with calls for transparency and review.

Critical Minerals Push: Peru issued a Supreme Decree fast-tracking lithium and uranium as “critical and strategic” minerals, aiming to speed permitting for projects like American Lithium’s Falchani and Macusani and strengthen the country’s role in the global energy transition. El Niño Watch: NOAA confirmed El Niño onset, with forecasts suggesting it could intensify into a “super” event, raising risks of extreme weather that can hit agriculture and supply chains. Security & Trade Links: US and Venezuela say a joint operation killed Tren de Aragua leader Héctor Rusthenford Guerrero Flores, a gang the US says is active across Peru and other countries. Fresh Food & Fisheries Pressure: Peru extended its anchovy fishing suspension again, threatening downstream fishmeal supply. Diplomacy for Business: Peru marked National Day and 50 years of ties with Nepal in Kathmandu, highlighting future cooperation areas like high-altitude agriculture, renewable energy, and disaster risk reduction. Industry People: Mineral consultant Raul Escarrachi was named to Marquis Who’s Who for decades of work assessing gold and copper resources.

Anchovy Supply Shock: Peru’s PRODUCE extended the anchovy fishing suspension in the North-Central zone again, citing warming ocean conditions tied to El Niño and a high presence of juvenile anchovy; with landings at 471,111 metric tons (only 24.6% of TAC) and the fishery underpinning about 20% of global fishmeal supply, the disruption could tighten worldwide marine ingredients markets. Climate Risk Watch: NOAA says El Niño has formed and could intensify to moderate/strong levels by fall, with “very strong” scenarios possible—raising the stakes for food, fisheries, and broader supply chains. Peru-EU Climate Litigation Angle: A Peruvian farmer’s case in Germany against major carbon emitter RWE highlights how climate responsibility is increasingly being treated as a legal issue, not just politics. Agri-Food Projects in Peru: FAO and GEF spotlight agrifood initiatives in Peru’s Amazon, including Indigenous-led restoration and fire prevention to protect biodiversity while sustaining rural livelihoods. Fresh Food Trade Signals: Peru also appears in broader export-market expansion stories, including mentions of Peru as a new destination for agricultural products.

Peru Politics: Peru’s electoral jury has started reviewing contested ballots after a razor-thin presidential race, with Keiko Fujimori edging ahead by about 600 votes out of 18 million as overseas ballots land and most remaining disputes are concentrated in Lima; the review is expected to take weeks. Climate & Agriculture: NOAA says El Niño has formed in the tropical Pacific and could intensify toward “super” levels, raising the odds of major weather disruption and food-supply stress into 2026–27. Trade & Logistics: Customs officials highlighted how they secure borders and streamline trade, pointing to Peru–China shipping links like the Chancay–Shanghai route. Fresh Food & Exports: Peru’s eel fishery secured MSC certification, while cocoa markets face pressure from Côte d’Ivoire’s much larger-than-expected unsold inventory that’s weighing on global prices. Energy & Industry: Peru’s President said the government will unblock the Southern Gas Pipeline project, aiming to restart stalled infrastructure in the south. Climate Diplomacy: South Korea and Peru held their first joint committee on climate cooperation in Bonn to advance Paris Agreement Article 6.2 projects.

El Niño Watch: NOAA says El Niño has officially begun and gives a 63% chance it intensifies into a “super” event, with major knock-on effects for global weather and food systems. Peru Climate Link: NASA satellite readings point to a sharp rise in warming sea levels off Peru, a sign the Pacific shift could strengthen and raise risks for coastal conditions. Coffee Under Pressure: TechnoServe and UNIDO’s ACT Coffee Programme warns climate stress is rising for major coffee producers, including Peru, and says farmers’ ability to adapt varies widely—pushing for data-driven investments. Mining Snapshot: Peru ranks #2 globally for silver output (131 million ounces in 2025), underscoring how concentrated supply remains. Agri Education Update: La Salle-Peru Township High School’s new agriculture building is on track for an Aug. 1 opening, with construction milestones like completed masonry walls and near-finished roofing. Sports Supply Chain Note: Haiti was forced to redesign its World Cup jersey after FIFA flagged “political” imagery—an example of how global rules can disrupt sports manufacturing schedules.

Lithium & Uranium Policy Push: Peru issued a Supreme Decree naming lithium and uranium “critical and strategic minerals,” aiming to speed up development and build a domestic supply chain tied to electromobility, clean storage, and “smart cities.” Mining Services Update: Major Drilling reported record Fiscal 2026 revenue of $889.1M (+22%) and Q4 revenue of $233.7M (+25%), signaling continued demand for drilling in the Americas. Illicit Gold Warning: GI-TOC says illicit gold markets are outpacing global controls, fueling sanctions evasion, conflict financing, and organized crime—highlighting weak governance and informal mining pressures. Transport vs Forests: Mozambique’s Nacala Corridor upgrades are linked to accelerating deforestation, with critics pointing to weak implementation of mitigation measures. Energy Security Politics: The US DOMINANCE Act advances to the Senate, focusing on critical minerals to reduce reliance on single-country supply chains—relevant to Peru’s strategic-minerals push. Peru-Holy See Diplomacy: Peru’s executive asked Congress to authorize President Balcazar’s trip to meet Pope Leo XIV, framed as strengthening ties with the Vatican.

Peru Economy Watch: Peru’s MEF says the financial system is strong, citing a 16.4% global capital ratio (above the 10% legal minimum), faster private-sector credit growth (+8.7% y/y in April), and rising liquidity and deposits—aimed at sustaining investment and production. Mining & Drilling: Major Drilling Group reported record Fiscal 2026 revenue of $889.1M (+22%) and Q4 revenue up 25%, signaling renewed exploration spending. Climate Risk for Peru: Copernicus warns extreme heat is becoming the norm in Europe, while El Niño odds remain high (80% chance June–August), with Peru facing potential heavy-rain impacts. Fresh Food Trade: Peruvian blueberry exports are expected to grow 40% in 2026 despite El Niño risk, as growers push through weather uncertainty. Health & Sleep: New research links sleep apnea and circadian disruption to cardiovascular harm, adding urgency to sleep-health awareness. Corporate Governance: Dynacor shareholders are urged to vote FOR all director nominees after ISS backs management.

Peru Election Watch: With 96% of ballots counted in the runoff, Roberto Sánchez leads Keiko Fujimori by under 20,000 votes, keeping Peru’s race razor-thin as authorities work through a slow ballot-by-ballot process. Fresh Food & Ag Exports: Bloom Fresh’s proprietary blueberry variety Abril won 2 Stars at the 2026 Superior Taste Award, a boost for premium fruit differentiation as Peru’s blueberry exports look set to grow despite El Niño risk. Mining & Metals: Peru’s critical-minerals push stays in focus as the week’s coverage highlights uranium and lithium market shifts, including consolidation moves in uranium supply and renewed lithium price stabilization narratives. Archaeology & Tourism: New research on Peru’s Chillón Valley geoglyphs points to hidden links between ancient landscape markings and movement routes, adding fuel to Peru’s heritage tourism pipeline. Logistics & Security: A major cocaine seizure story notes a container route that transited Peru en route to Tauranga, underscoring how Peru remains tied into regional supply-chain security.

Peru Politics: Peru’s presidential runoff remains a dead heat as the gap between Keiko Fujimori and Roberto Sánchez shrank to under 20,000 votes with 96% of ballots counted, keeping the country’s next leader unresolved and the official result expected within 30 days. Mining & Metals: Cerro de Pasco Resources updated its Quiulacocha tailings reprocessing tests in central Peru, saying results across 110+ lab tests point toward a two-concentrate silver-bearing flowsheet. Agri-Exports: PROARANDANOS forecasts Peru’s blueberry exports could rise about 40% in the next 10 weeks to roughly 56,000 tons, while warning abnormal weather adds uncertainty. Sustainability & Forestry: Ocho Sur used Forest Week in Ucayali to highlight regenerative agriculture and long-term forest conservation agreements with Indigenous communities, including incentives to preserve primary forest. Marine Resources: Peru’s eel fishery became the first in the country to earn Marine Stewardship Council (MSC) certification, citing stronger monitoring, stricter rules, and improved traceability. Business & Finance: The iShares MSCI Peru and Global Exposure ETF (EPU) saw unusually high trading volume, with heavy activity in Buenaventura and Credicorp.

Peru Election Watch: Peru’s presidential runoff is still a statistical dead heat as vote counting drags on: with about 94% of ballots processed, leftist Roberto Sánchez leads narrowly over Keiko Fujimori (roughly 50.1% vs 49.9%), with rural ballots still arriving and the final result potentially weeks away—while markets and the sol have reacted to the shifting totals. Mining & Infrastructure M&A (Peru): Vinci Construction’s Geoquest is set to buy Grupo TDM’s geosynthetics division in Peru, expanding reinforced backfill and waterproofing capacity across Latin America, with completion expected by end-2026. Fresh Food & Agri Trade: Mission Produce reported Q2 results showing revenue down year-on-year amid low avocado prices, but expects margins to improve as supply shifts beyond Mexico toward regions including California and Peru. Climate & Nature Monitoring: A new conservation effort is using bioacoustics to build “soundscape baselines” for intact forests, including pilot sites in Peru, to catch biodiversity changes satellites can miss.

Peru Politics: Peru’s presidential runoff remains too close to call as Keiko Fujimori and Roberto Sánchez trade leads in a vote count still shaped by crime fears and the country’s urban-rural divide. Mining & Gold: Silver X Mining has taken full ownership of Barrick’s Lily 19 concession, giving it 100% of the Ccasahuasi gold project in Huancavelica—another consolidation move in Peru’s gold patch. Trade & Supply Chains: The U.S. is proposing new Section 301 forced-labor tariffs (10%–12.5%) across 60 economies, pushing importers to reassess Peru-linked exposure and plan for comment deadlines and hearings. Agri-Food & Climate: El Niño warnings are intensifying, with Peru mentioned among global food-supply risk points as heat stress and extreme weather threaten harvests and logistics. Fresh Produce Markets: Peruvian fruit trade continues to expand, including rising blueberry volumes into the U.S., while regional citrus and avocado pricing signals shifting supply pressures. Korean Studies in Peru: Korea Foundation launches an online Korean studies consortium with Peruvian universities, adding accredited courses via a shared digital curriculum.

Peru Election Update: Peru’s presidential runoff stayed too close to call as vote counting inched forward, with conservative Keiko Fujimori holding a narrow edge over leftist Roberto Sánchez (quick counts around 50/50), while officials warned the final result could take days or weeks due to rural ballot reviews and possible legal challenges. Critical Minerals Push: Peru declared uranium and lithium “national importance” and strategic priorities, setting up a July 7–8 forum in Lima to accelerate development of projects on the Macusani Plateau. Mining Deal: OR Royalties (Canada) acquired precious-metals royalty assets in Peru from Gold Fields affiliates for US$115 million, signaling continued investor appetite for Peru’s resource base. Energy & Industry Context: Peru’s broader industrial outlook is also being shaped by climate risk headlines tied to a potential “Super El Niño,” with knock-on concerns for food supply chains and labor conditions. Regional Business: XS.com wrapped its LATAM roadshow with a private Medellín event after stops in Peru, Mexico and Colombia, highlighting partner-led growth and trader education.