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Singapore’s economy has rebounded post COVID-19 pandemic. The city-state is heavily reliant on imports of food and energy, the food and beverage industry are largely driven by international tourism and consumer spending.

Peru’s mandarin/tangerine production and exports are expected to recover and increase by two and three percent, respectively, in MY 2023/2024 (March 2024 to February 2025). Production is forecast to reach 560,000 metric tons (MT), while exports are forecast to recover to 210,000 MT.