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Argentine sugar production in marketing year (MY) 2021-2022 is forecast down at 1.55 million tons, raw value, due to early season dryness which is expected to negatively impact yields.
Posts projects marketing year production for wheat, barley, corn, sorghum, and rice.
Post projects an increase of 100,000 hectares in soybean planted area and production of 51.5 million tons for marketing year 2021/2022.
Post forecasts 2018 broiler meat production to grow slightly by 1 percent to 2.11 million metric tons.
Argentina’s raisin production is forecast to rebound to normal historical levels to 40,000 MT in CY 2018 due to favorable weather conditions.
Argentine wheat production for the 2017/18 season is forecast at 16.65 million tons, 850,000 tons lower than USDA as Post estimates a smaller production area.