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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.
2020 chicken meat production will rise slightly to 2.2 million metric tons with exports of 158,000 metric tons, up 2 percent to key markets of China, Chile and Russia.
2019 Argentine dairy production is projected at 10,650,000 tons, down 1.8 percent from 2018 due to abnormally warm weather during the first half of the year.
2019/20 soybean planted area is forecast at 18 million hectares, up 0.2 million hectares as producers shift second season plantings from corn to soybeans.