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For marketing year (MY) 2021/22, Post revises its estimates for fresh lemon production to 1.90 million metric tons (MMT), up by 15 percent, due to favorable weather conditions. Fresh orange production is projected to increase to 920,000 metric tons (MT), and fresh tangerine production is expected to increase to 400,000 MT.
The prevailing extraordinary factors make it difficult to estimate exports for the rest of the year and the coming year. Other factors have been added to the recurrent volatility of the international dairy market.
For Marketing Year (MY) 2021/22, Post forecasts that fresh deciduous fruit production is estimated to decrease by 7 percent, due to unexpected frost that affected the crops at beginning of October 2021. Some producers had active frost defenses in place and were less affected, while others experienced serious crop losses.
In the past decade, one of the most apparent trends agricultural trade patterns has been the growth in agricultural trade between developing countries or so-called “South-South trade.”
Argentine beef production for 2015 and 2014 is lowered from USDA’s official number to 2.7 million tons carcass weight equivalent as a result of a drop in slaughter numbers, due to market dynamics...