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Post forecasts Argentine milk output for calendar year (CY) 2016 to reach 11.62 million tons, a one percent decrease from USDA’s CY2015 estimates.
For Calendar Year (CY) 2015, Post revised fresh apple production downward to 640,000 MT and fresh pear production is forecast to go down to 610,000 MT.
U.S. agricultural exports to South America nearly doubled in the past four years, reaching a record of more than $8 billion in calendar year 2014.
After declining consistently in recently years, cotton use and imports for the domestic spinning industry are hovering around 40,000 to 45,000 tons, annually.