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The Brazilian orange crop for Marketing Year (MY) 2022/23 is forecast at 410.6 million 40.8-kg boxes (MBx) or 16.75 million metric tons (MMT), a slight decrease of 1.1 percent vis-à-vis the current season, with the resumption of the biennial crop cycle and consequently, a lower fruit load per tree.
For 2023/24, Post forecasts soybean planted area at 45.2 million hectares (ha), and production at 159 million metric tons (MMT), based on a yield of 3.52 mt per ha.
Brazil continues to present opportunities for U.S. exporters of ingredients, with its food processing industry market estimated at $198 billion.
China’s food regulatory regime continues to evolve. In 2017, China issued numerous new regulations and measures to reflect the requirements introduced under the 2015 Food Safety Law.
ATO Sao Paulo projects the Brazilian orange crop for 2018/19 (MY 2017/18) at 393 million boxes, a decrease of 27 percent relative to the previous season.