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In marketing year (MY) 2022, rainfall during the winter was abundant favoring pasture production in the southern regions of Los Lagos and Los Rios. As a result, Chilean production of milk powders increased significantly in recent months, and are expected to remain high during the remainder of the marketing year.

In 2021, consumer food-services sales grew by 42.5 percent, reaching $3.5 billion. In mid-2021, pandemic restrictions began to relax, and restaurants reopened to the public. The Chilean Central Bank estimates a two percent GDP growth in 2022 and a one percent GDP decrease in 2023.

For marketing year (MY) 2021/22, Post forecasts 230,000 hectares (ha) of wheat planted area totaling 1.4 million metric tons (MMT) of wheat production, which represents a 2.56 percent increase...