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Brazil is set for another record-breaking grain harvest. Post maintains its corn planted area forecast at 22.5 million hectares for MY 2022/2023 and corn production is forecast at 125.5 MMT for MY 2022/2023, up 8 percent from the estimated 116 MMT for MY 2021/2022.

Dry weather and high temperatures in the last months of 2022 have damaged the Marketing Year (MY) 2022/23 Argentine soybean crop, particularly affecting first crop soybeans within a 125 kilometer radius of Rosario, Santa Fe Province.

In the marketing year 2022/23, wheat production increased more than 50 percent from the previous year to 33.8 million metric tons on increased area planted and higher yields due to improved soil moisture.

Corn production in MY2022/23 is revised up slightly based on National Bureau of Statistics data indicating a better harvest in the North China Plain which more than offset smaller yields in the northeast.

On December 19, 2022, the U.S. Food Safety and Inspection Service (FSIS), in consultation with Colombia's National Institute for Surveillance of Food and Medicines (INVIMA), updated the labeling requirements for meat products listed on the FSIS Export Library page for Colombia.

On January 11, 2023, the People’s Republic of China (PRC) National Health Commission (NHC) released an updated Catalog of National Food Safety Standards. The updated list contains 1,478 standards covering food products, additives, quality specifications, testing methods, and production practices. This report provides an unofficial translation of the Catalogue.

After a nearly six percent decrease in GDP in 2020, the Chilean economy grew by 11.7 percent in 2021 and by 2.4 percent in 2022. In 2023, the Chilean Central Bank projects a contraction in GDP that will range between 0.75 and 1.75 percent.

On September 20, 2022, the China’s Ministry of Agriculture and Rural Affairs (MARA), the National Health Commission (NHC), and the State Administration for Market Regulation (SAMR) jointly published Announcement No. 594 containing the National Food Safety Standard of Maximum Residue Limits (MRLs) for 41 Veterinary Drugs in Foods (GB 31650.1-2022) and 21 standards of methods for determination of veterinary drug residues.

On January 13, 2023, the Ministry of Agriculture and Rural Affairs (MARA) published a finalized updated “Guideline for Safety Assessment of Genetically Modified Plants.”

Peru is the third-largest South American market for U.S. consumer-oriented agricultural products. Increasing wealth and lower barriers to entry were facilitated by the implementation of the U.S.-Peru Trade Promotion Agreement (PTPA), resulting in a 423-percent increase in consumer-oriented exports from $65 million in 2009 to $340 million in 2021.

After several years of consistent growth, China’s citrus production in marketing year (MY) 2022/23 is expected to remain steady as the market deals with continuing COVID challenges, unfavorable weather, and phytosanitary issues.

The Central Rural Work Conference (CRWC), which was held on December 23-24, 2022, reiterates the existing People’s Republic of China’s (PRC) priorities of ensuring food security and improving grain production capacity.