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In 2017/2018, deciduous fruit production is estimated at 574,200 metric tons, a seven percent jump over 2016/2017.
Economic mismanagement and an overdependence on oil exports have led to Venezuela’s economy contracting for the fourth year in a row, down an estimated 15 percent in calendar year (CY) 2017.
Despite a 0.8 percent lower milk supply forecast for 2018, total exports are expected to increase by 2.8 percent to 3.3 million metric tons.