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Wheat production in marketing year (MY) 2021/22 is projected at a record 20.8 million tons, 300,000 tons higher than USDA Official.
As countries roll back COVID-19 restrictions, foreign market demand for beef is becoming a bright spot for U.S. producers.
With the MY 2020/2021 harvest season almost complete, Post lowers its soybean production estimate 500,000 tons, to 44.5 million metric tons (MMT), 2.5 MMT below USDA Official.
Post revises 2018/2019 soybean production down slightly to 56 million tons based on lower planting area.
For 2018/2019, apple and pear production is forecast to increase over last year, despite lower planted area, but remain below historical levels.
Argentine dairy production continues to recover after massive industry consolidation and weather damage in 2016 and 2017.
Post forecasts wheat exports in marketing year (MY) 2018/19 at 13.6 million tons, 600,000 tons lower than USDA. Due to tighter supplies, Post estimates barley exports for 2017/18 at 2.5 million....
The Argentine government announced a plan to halve the number of Ministries which will bring the Ministry of Agroindustry under the Ministry of Production as a sub-secretariat.
Post forecasts 2019 chicken meat production to remain stable at 2.18 million metric tons.
For 2019, beef production is forecast to increase marginally to 3 million tons carcass weight equivalent.
For 2017/18, drought impacts continue to impact oilseed commodities.
Argentina’s raisin production is forecast to remain stable at 41,000 metric tons in CY 2019 due to an expectation of favorable weather conditions.