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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.
Argentine sugar production for 2015/16 is projected up at 2.25 million metric tons.
Post forecasts Calendar Year (CY) 2016 grape production at 2.67 million metric tons (MMT) under normal weather conditions and maintaining the current good sanitary conditions of the vineyards.
Argentine wheat production for crop 2015/16 is forecast down at 12 million tons due to a projected smaller planted area.
Post forecasts 2015/16 soybean area at 20.3 million hectares, marginally lower than Post’s 2014/15 area estimate, though up 2.5 percent from USDA 2014/15 estimates.