AGP Executive Report

US-Peru Security Pivot: Secretary of State Marco Rubio’s South America swing underscored a fast-moving US-backed push against drug cartels, with Peru formally joining the “Shield of the Americas” during his visit—backed by joint operations, intelligence sharing, training, and expanded US equipment. El Niño Hits Peru’s Food Chain: Warmer-than-usual waters are driving anchovies away from Peru’s coast, leaving boats idle and threatening jobs, as El Niño is forecast to intensify into late 2026–early 2027. Sustainable Mining in the Amazon: A new push for “clean gold” in Madre de Dios highlights mercury-free artisanal mining efforts, even as violence, informal economies, and government gaps slow progress. Trade Finance for Fresh Produce: Loads secured a US$15M revolving credit line to scale embedded financing on its food commerce platform across Peru and the region, aiming to boost container-based trade flows. Peru-Linked Regional Weather Planning: Across Latin America, governments are bracing for El Niño-driven flooding and crop disruption, reinforcing the urgency for resilient logistics and supply chains.

Trade Talks: Peru says it’s in the final stretch of a free trade deal with India, awaiting a response to its counterproposal and aiming to sign in 2027; India is already Peru’s second-largest export destination this year, led by gold. Hemispheric Security: President Keiko Fujimori announced Peru will join the U.S.-led “Shield of the Americas” coalition after Marco Rubio’s visit, framing it as faster intelligence-sharing and stronger action against drug cartels. Climate Risk to Industry & Heritage: El Niño-driven rains are threatening Peru’s Chan Chan archaeological complex, where earthen structures are vulnerable to erosion and moisture damage. Aviation & Trade Flows: Lima Airport traffic rose about 4.9% to around 2.4 million passengers, a sign of continued regional mobility. Mining Governance: Inomin Mines added three directors at its Sept. 10 AGM, strengthening expertise across exploration, capital markets, and corporate development. Food & Agriculture: Fairtrade flagged El Niño conditions as a potential threat to cocoa communities, with knock-on risks for global confectionery supply chains.

Peru-US Security Pivot: President Keiko Fujimori says Peru will join the U.S.-led “Shield of the Americas” during Marco Rubio’s visit, aiming to speed intelligence-sharing and joint action against cross-border criminal groups. Critical Minerals & Processing Choice: Argentina’s critical-minerals push is drawing investment across the lithium value chain, but the key question now is whether it builds domestic processing capacity or stays focused on extraction. Trade Pressure on Food Processing: Canada is considering tariff rate quotas on canned vegetables after finding import volumes harmed its domestic industry, with Peru listed among exempted partners. Peru Fresh & Export Signals: Peru’s grape exports hit US$790M in 1H 2026, while blueberry shipments face El Niño-related disruption and revised export figures. Dairy Capacity Expansion: Milky Mist commissioned a ₹40 crore Skyr and Greek yogurt plant in Tamil Nadu with 150 tonnes/day capacity, boosting high-protein product output. Infrastructure & Permitting: Lima is seeking to vacate a toll road award in a long-running dispute, a reminder that project approvals and contracts can still swing timelines.

Dairy Expansion: Milky Mist Dairy Food commissioned a ₹40 crore Skyr and Greek yogurt plant in Perundurai, adding capacity up to 150 tonnes/day and starting commercial operations Sept. 10. Security & Trade: Peru will join the U.S.-led “Shield of the Americas” coalition, with President Keiko Fujimori saying it will speed intelligence-sharing and joint action against cross-border criminal groups during Marco Rubio’s visit. Space for Connectivity: The U.S. launched the Space Catalyst Partnership in Lima, backing a $6.5m rural satellite-internet push for southern Peru’s schools and small businesses. Forced Labor Compliance Risk: A new wave of forced-labor import bans across major markets is raising costs and border delays, with heightened exposure for supply chains linked to China and sectors like agriculture, food, apparel, and electronics. Climate Pressure on Exports: Peru’s blueberry exports are being revised down as El Niño disrupts volumes, with Proarandanos flagging weaker peak-week shipping and lower organic shipments. Global Heat Record: EU monitoring says August 2026 was the hottest month ever recorded, underscoring rising extreme-weather risk for food and logistics planning. Mining/Geopolitics: Peru’s copper role remains central as Washington pushes closer security and commercial ties in the region.

Climate & Weather: The EU’s Copernicus monitor says August was the hottest month ever recorded globally, with record ocean heat in western Europe—warning that without a fossil-fuel exit, extreme weather will keep pushing into “uncharted territory.” Agri-Food Trade: Table grape supply is shifting as production declines in traditional regions and newer origins like Peru expand exports, while Peru’s grape trade keeps climbing (1H 2026 exports hit US$790m; table grape exports rose 17.1% to US$790m). Mining & Drilling: Coppernico’s Peruvian unit signed a Phase 2 drill deal for its Sombrero copper-gold project in Ayacucho, targeting at least 5,000 metres pending MINEM authorization. Ports & Logistics: DP World is proposing a US$1.3B expansion of Peru’s Callao terminal to boost trade capacity. Fresh Produce Business: Mission Produce reported a 26% Q3 revenue jump to $450m, driven by avocado volume growth after the Calavo acquisition. Security & Trade Policy: US Secretary of State Marco Rubio announced new Ecuador anti-drug funding and escalated action against gangs tied to cocaine routes involving Peru and Colombia.

Peru Trade Pulse: Peru’s exports hit $63.521B by July, up 33% year-on-year for 27 straight months of growth, led by mining (+49.2%) with copper shipments up 43.3% and gold up 56.9%, while agriculture rose 2.7% to $6.327B. Critical Minerals & Security: US Secretary of State Marco Rubio pushed a minerals-and-nuclear agenda across Colombia, Ecuador, and Peru, while also escalating the anti-drug push—designating Ecuador’s Los Tiguerones as a foreign terrorist organization and backing new security funding for Ecuador. Grid-Driven Copper Demand: A new 2026 copper outlook highlights demand growth tied to power-grid buildouts, with forecasts split between modest deficits and potential surpluses—key for Peru’s mining pipeline. Farmer Pressure Signals: A global farmer survey finds widespread pricing dissatisfaction and income stress, while McKinsey reports farmers worldwide are cutting investment plans as costs rise and margins tighten—relevant for Peru’s agri supply chains. Labor Rights Clash: Peru’s government asked Congress for extraordinary powers to crack down on workers’ rights, triggering union-led calls for street resistance. Tech for Legal Work: Magnar closed a $8M Series A to expand AI legal tools across Latin America, including Peru. Retail Update: Burger King in Peru is temporarily closed for renovations, with a planned reopening in early 2027.

Peru-U.S. Trade: Peru’s exports to the U.S. hit US$6B in 1H 2026, up 20%, with mining and agriculture leading (blueberries, avocados, grapes) alongside textiles and fishing. Critical Minerals & Nuclear: U.S. Secretary of State Marco Rubio signed MoUs with Colombia on critical-minerals supply chains and civilian nuclear cooperation, signaling a broader push that also targets Peru in the same tour. Mining Pipeline (Peru): Pecoy Copper updated its integrated geophysical model in southern Peru, flagging four main MT target areas and highlighting new copper intervals that could expand drilling focus. Silver Drilling Access (Peru): Patriot Resources secured a five-year land access agreement with the Tassa community to start surface exploration and drilling at its Tassa silver-gold project. El Niño Risk for Food & Fisheries: El Niño is expected to keep disrupting Peru’s food supply chains, with shrimp farmers facing contrasting risks and Peru’s anchovy season already affected. Energy/Mines Leadership: Peru’s Energy and Mines Minister Guillermo Shinno’s background underscores continued focus on regulation and sector management as projects move forward.

US-Latin America Trade Push: U.S. Sec. of State Marco Rubio kicked off a tour of Colombia, Ecuador and Peru, saying Washington wants “good, solid” trade deals soon while deepening security cooperation against drug trafficking and regional transnational crime. Peru-US Tech Pact: Peru and the U.S. Embassy signed an MOU to boost AI development, signaling closer ties as Peru’s new political alignment with Washington grows. China’s Minerals Leverage: Analysis highlights China consolidating its position in Peru’s critical minerals sector, with Beijing-linked financing and processing influence shaping what Peru can export and how. Mercury Health Crisis in the Amazon: New reporting maps mercury contamination across Peru’s Amazon communities, linking fish consumption to serious health impacts and pointing to weak local lab capacity. Mining & Infrastructure Signals: DP World proposed a US$1.3B expansion of Peru’s Callao terminal to lift trade capacity, while copper-focused coverage underscores how global demand is reshaping Peru’s mining outlook. Cultural Heritage Spotlight: Excavations at Chan Chan uncovered an intact Chimú funerary platform with remains and high-status grave goods, adding fresh momentum to Peru’s archaeology and tourism narrative.

Callao Logistics Boost: DP World has proposed a US$1.3B expansion of Peru’s Callao terminal to handle more containers and larger vessels, aiming to strengthen import/export links for fresh produce exporters. Southern Ports Move Forward: Peru’s National Port Authority approved the master plan for the Corío Port Terminal in Arequipa, a multipurpose project (3 stages, $800M+) meant to unlock new cargo capacity and improve southern Peru’s connectivity. Fresh Exports to Asia: Peruvian bananas made their China debut via the Chancay–Shanghai route, while trade on the corridor has topped 10B yuan and cut transit time by over 20%. Corporate & Gaming Growth: Primero Games completed its acquisition of Win Systems’ gaming division, adding 3,000+ installed positions across Peru and the region. Cement Sector Deal: Heidelberg Materials agreed to buy a 70% stake in Cementos Inka, expanding its footprint in Peru’s cement and ready-mix market. Trade & Security Diplomacy: US Secretary of State Marco Rubio is set to tour Colombia, Ecuador, and Peru (Sept. 8–10) to align on security, anti-drug efforts, and trade. Climate Risk for Tourism: A glacier collapse in Nepal is renewing focus on Peru’s mountain risk as glaciers retreat and glacial lakes evolve.

Illegal Mining Oversight: A Punjab & Haryana high court-ordered inspection team from the district legal services authority checked an alleged illegal mining site in Talwara block, Hoshiarpur, after a civil writ claimed excavation reached 100 metres (far deeper than allowed), with the court demanding a report ahead of the Sept. 17 hearing. Peru Agriculture & Climate Resilience: Peru’s SENAMHI officials completed an APEC Climate Center training focused on Andean-tailored climate monitoring and forecasting to help protect agriculture from climate shocks, under a KOICA-backed project running to 2027. Peru Exports: Midagri says Peru has led global grape exports since 2022/23, with 1H 2026 shipments to the U.S. at US$446M (+11.3%) and Mexico up 46% to US$93.7M. Mining Tech in Peru: Chilean MineWatch raised US$900,000 to expand IoT connectivity for underground mines; it has already started operations at Cerro Lindo in Peru. Port & Logistics: DP World proposed a US$1.3B expansion of Peru’s Callao terminal, aiming to boost capacity. Food & Services: Peru’s Inca Trail network to Machu Picchu reopened to tourism after maintenance on mudslide-affected sections, bringing back organized treks.

Peru Energy & Infrastructure: Acciona won Peru environmental approval for two 220kV transmission lines—ITC 220kV Caclic–Jaén Norte Link and 220kV Ica–Poroma Link—covering construction, operation and maintenance over 30-year concessions, aimed at strengthening regional grids and boosting capacity for future generation. Peru Mining & Supply Chains: Copper prices eased near $6.55/lb as Fed hike expectations and El Niño-linked supply worries competed with record highs; the backdrop includes weaker output forecasts from major producers including Chile and Peru. Peru Trade & Industry Exposure: A report links the Iran–US–Israel conflict to higher costs in Peru, driven by oil price pressure that feeds into transport and food prices. Peru Agriculture & Fisheries Risk: El Niño is intensifying into a “supersized” event through Feb 2027, with Peru’s anchovy fishing described as taking a “devastating blow,” raising knock-on risks for feed and jobs. Peru Business & Governance: Peru’s diplomatic break with Iran is framed as having little practical impact on existing ties, but it adds to regional geopolitical uncertainty that can spill into markets.

El Niño Watch: Scientists say El Niño is set to intensify and persist into early 2027, reshaping rainfall and temperatures across the Pacific—key for Peru’s agriculture and fisheries planning. Diplomacy & Security: Peru’s President Keiko Fujimori backed the US war drive and broke diplomatic ties with Iran, signaling tighter alignment with Washington amid regional security pressure. Critical Minerals: Argentina, Bolivia, Chile and Peru signed a South American lithium alliance declaration to position the region as a reliable supplier for the energy transition, framed against US-China strategic competition. Mining & Exploration: New copper exploration results from Peru and elsewhere highlight why drill intercepts can boost models—but don’t automatically mean new mines or near-term supply. Fresh Industry Impact: Peru’s anchovy fishing disruption from El Niño is already linked to job losses, a direct hit to a major food and export supply chain. Education-to-Manufacturing: A Peru-linked prosthetics effort is being showcased abroad, reflecting how precision manufacturing training can translate into affordable medical devices.

Peru Security & Prisons: Peru declared a state of emergency in five high-security prisons to curb criminal gang activity. Fresh Food & Exports: Peruvian bananas made a historic debut in China via the Chancay–Shanghai shipping route, signaling stronger agri-trade connectivity. Trade & Business Climate: Peru participated in the 32nd APEC Ministerial Meeting on Small and Medium Enterprises, pushing SME priorities in the regional agenda. Digital & Industry Uptake: A Peru report says 13% of companies are using AI at an advanced level, pointing to faster adoption in local operations. Energy & Infrastructure: Peru has US$6.5 billion in power generation projects through 2036, while SES extended multi-orbit connectivity for the Peruvian Navy. El Niño Risk Management: Peru strengthened its response capacity to El Niño, as extreme weather continues to threaten fisheries and jobs.

Security Crackdown: Peru declared a 60-day state of emergency in five high-security prisons, authorizing police and military to secure facilities and surrounding airspace/electromagnetic spectrum to disrupt criminal gangs operating from inside. Trade & Logistics: Fresh Peruvian bananas made a milestone debut in China via the Chancay–Shanghai route, with 19.6 tons clearing customs at Yangshan Port and benefiting from faster transit and tariff-free entry. Mining & Industry Pulse: Coverage highlights Peru’s role in global copper supply, noting major mines including Las Bambas, Cerro Verde, and Antamina among the world’s biggest by output. El Niño Readiness: Peru’s government pushed prevention measures and sought faster powers to respond to El Niño impacts, while related reporting underscores rising flood and disruption risks across the region. Governance & Business Environment: Peru also faced scrutiny over prison-linked crime and broader enforcement pressure, as officials move to tighten control and speed up response capacity.

Peru–China Trade & Logistics: Peruvian bananas have made a historic debut in China via the Chancay–Shanghai route, with a first shipment of 19.6 tons clearing customs at Yangshan Port; the faster sea transit (about 23 days) is cutting logistics costs by more than 20% and the route has already surged in value year-on-year. Copper & Mining Outlook: A market roundup highlights how the world’s biggest copper mines are shaped by declining ore grades and water/infrastructure constraints, with Peru featuring prominently (Las Bambas, Cerro Verde, Antamina). Local Business Pressure in Peru: Gamarra’s micro and small garment sector is protesting what it calls excessive and repeated municipal inspections and fines in La Victoria, saying thousands of tiny operators are being shut down. El Niño Response & Infrastructure: Peru’s government continues rolling out measures to boost resilience, including services and water pumps for affected regions as El Niño risks disrupt key sectors like fishing. SME Digital Push (APEC): Peru is backing APEC efforts to help MSMEs adopt AI and digital tools, including formalization and single-window portals, to strengthen competitiveness and market access.

Gamarra Crackdown: Gamarra’s micro and small garment traders in La Victoria say municipal inspections are hitting tiny 1-square-meter stalls with repeated fines that can shut businesses—reporting that about 7,000 have already been closed and calling for proportionality and due process. El Niño Readiness: Peru’s Navy will deploy vessels along the coast as El Niño-linked heavy rains approach, with President Fujimori briefing on the response plan and logistics support. Amazon Geothermal Mystery: Peru’s “Boiling River” in the Amazon (Shanay-Timpishka) is reported at up to 86°C over kilometers, with researchers pointing to heated groundwater rising through faults despite no nearby volcano. Mining Services Update: Major Drilling says all director nominees were elected at its AGM, with voting participation above 79%. Fintech Expansion: UIN’s BehaviorOS platform says it processed 300M+ transactions and generated 10M+ monthly behavioral triggers across Peru and other LatAm markets after a US$2M seed round. Insurance Ratings: AM Best affirmed AVLA Re and AVLA Perú’s ratings as stable, citing strong balance sheets and group support.