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Peru’s Agrobanco supplies agchem credit line

Peru’s national agricultural investment bank, Agrobanco, has made $2 million available at below-market interest rates to agricultural associations and co-operatives to finance the import of pesticides. The move has followed the issue of a decree earlier this year to facilitate the direct import of pesticides among smallholders who had formed themselves into groups and associations (see this issue). “The limits set for this year will partly depend on the level of interest shown among farmer groups,” Agrobanco’s Augusto Sayán notes.

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