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In order to maintain soybean processing at normal levels, Argentina is importing US soybeans for the first time in over two decades.
For CY 2018, production of the two types of fresh deciduous fruit is forecast to decrease to 530,000 MT for apples and 530,000 MT for pears from official USDA estimates.
While MY2018/19 Argentine forecast for sugar production and consumption maintain stable levels, exports plummet to 150,000 tons (raw value), due to stagnant production and lower beginning stocks.
For marketing year 2018/19, Argentine wheat production is forecast at a historic high of 20 million tons driving record exports of 14.2 million tons.
Post estimates wheat production for 2015/16 at 10.8 million metric tons (MMT), 300,000 tons higher than USDA.
2015/2016 soybean production is revised up to 58.5 million tons on good crop conditions resulting in higher yields.
The GOA Ministry of Production revoked the requirement for pre-approval of labels for food and beverages by the Secretariat of Commerce.