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For marketing year (MY) 2022/23, Post revises fresh lemon production estimates to 1.65 million metric tons (MMT), down 6.5 percent from the official USDA estimate due to continued adverse weather and poor economic conditions, especially for smaller producers.
Bioethanol consumption in 2023 is forecast at 1.17 billion liters, the highest on record, because of strong gasoline demand and a high blend rate.
Wheat exports for marketing year (MY) 2022-2023 are forecast at 12.35 million tons, l.15 million tons lower than USDA’s official number as a result of lower production. The wheat and barley crops are suffering very dry weather. Barley exports in MY 2022-2023 are forecast at 3.7 million tons, the same as in MY 2021-2022.
Argentina’s raisin production is forecast to remain stable in Marketing Year (MY) 2022/23 at 44,500 metric tons (MT). During December, crops suffered some negative effects from hale and strong winds, but managed to resiliently overcome these weather events. Exports are forecast at 39,000 MT, with Brazil as the primary destination, accounting for 70 percent of the Argentine exports.