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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.
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.
Argentine fuel ethanol production and consumption are forecast to increase to a record 1.15 billion liters in 2018 as the local industry expands in order to fulfill the official quota....