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Grape production in Peru is forecast to reach 790,000 metric tons (MT) in marketing year (MY) 2024/2025, an increase of two percent compared to the previous year. The expected increase is due to improved climatic conditions in northern coastal regions which represents 48 percent of the total production area.
Post projects a slight increase in fresh apple production in Marketing Year (MY) 2024/25, forecast at 488,000 metric tons (MT), while pear production is expected to decrease to 655,000 MT from the previous year.
The Government of Argentina (GOA) approved five new genetically engineered (GE) events in late 2023 and 2024, including one cotton, two soybean, and two corn events. In 2024, the first three applications were submitted for joint assessment by the agricultural regulatory agencies of Argentina and Brazil under the Cooperation Agreement on Biosafety of Modern Biotechnology Products, signed in 2022.
Since 2011, Peru has continued its moratorium on biotechnology due to concern on its impact to the environment. The scientific community, however pledges to adopt it . In January 2021, Peru extended the previous ten-year biotechnology moratorium for another fifteen years.
In 2024, Argentina's dairy production faced significant challenges, primarily due to severe weather and economic issues which led to a projected 7 percent decline in milk output, estimated at 10,708 metric tons (MT).
Post increases marketing year (MY) 2024/2025 soybean production to reach 52 million metric tons (MMT), up 1 MMT higher than USDA official and Post’s previous estimate on 17.2 million hectares (MHA) harvested as producers shift to more soy away from corn over fears of the impact of corn stunt (leafhopper/Chicharrita) in corn, continued low prices, and expected dry conditions.
The food retail sector in Peru is anticipated to experience 5 percent growth by the conclusion of 2024, attributed to the overall enhancement in the country's economic landscape and targeted strategies devised by both the modern and traditional food channels.
Argentine wheat production in marketing year (MY) 2024/2025 is estimated at 18 million tons (MMT) with exports (including wheat flour in its wheat equivalent) at 12 million tons, slightly above USDA official.
Post projects 2025 Argentine chicken meat production to rise to 2.55 million metric tons (MMT), while exports are projected at 180,000 metric tons as the Chinese market remains closed to Argentine exports.
Argentine beef exports in 2025 are projected at a record 860,000 tons, carcass weight equivalent (cwe) as beef production is forecast to increase marginally.
With a new government in place since December 2023, the biofuels sector is projected to move on to a freer business environment through less limitations and official controls. Changes are expected to come through a new biofuels law or reforms to the current one in place since 2021.
Argentine wheat production in marketing year (MY) 2024/2025 is forecast up at 18.6 million tons, 600,000 tons higher than USDA’s official estimates as a result of higher planted area. Exports in the same period are projected up at 12.4 million tons...