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Due to the severe drought, Post forecasts a slight decrease in dairy output, estimating a decline of just over one percent to 11,441,000 MT in volume by the end of 2023 compared to 2022. Projections for 2024 are complex as several factors could lead to a significant drop in production, particularly during the first half of the year.
Post forecasts fresh deciduous fruit production to rebound to 486,850 MT for apples and 625,400 MT for pears for Marketing Year (MY) 2023/24.
Argentina continues to be the third largest producer of biotech crops, producing 14 percent of the world´s total biotech crops.
For CY 2017, production of all three types of citrus fruit is forecast to decrease below normal levels due to unfavorable weather conditions in the main citrus growing regions of Argentina.
Beginning in mid-November weather conditions improved in growing regions for soybeans and sunflower seed affected by previous heavy rains, allowing producers to reactivate their planting intentions.
There continues to be significant discussion over the short-term effects of the government’s decision to delay the reduction of soybean export taxes and the introduction of a five percent export...