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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.
Based on preliminary data, Costa Rica’s 2014/2015 coffee crop reached 1,397,542 60 kg bags. Production was higher than previously estimated, but remained lower than the previous crop.
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.