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- (-) January 2020
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A new government policy raising export taxes for agricultural products from 6.7 percent to 12 percent in December 2019 drives advanced MY19/20 grain crop sales.
In 2018, U.S. exports of agriculture, fish and forest products to Portugal doubled from the previous year to $358 million.
2019/20 soybean planted area is forecast at 18 million hectares and production is forecast at 53 million tons, unchanged since September.
For MY 2019/2020, Post forecasts fresh citrus production at 1.6 MMT for lemons, 720,000 MT for oranges and 390,000 MT for tangerines.