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- (-) January 2023
- (-) New Zealand
- (-) Brazil
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Brazil is set for another record-breaking grain harvest. Post maintains its corn planted area forecast at 22.5 million hectares for MY 2022/2023 and corn production is forecast at 125.5 MMT for MY 2022/2023, up 8 percent from the estimated 116 MMT for MY 2021/2022.
The Government of New Zealand has passed legislation that will restrict a wide range of plastic products to be sold in New Zealand, including non-compostable produce stickers.
With the start of 2023, New Zealand has begun to experience a nation-wide egg shortage, which follows price rises for eggs during the last year. Contributing factors for the price increase and supply shortfall are labor shortages in laying operations...
Post increased the 2022/23 forecast for soybean planted area expansion to 43.3 million hectares (ha) and soybean production to 153 million metric tons (MMT). This season sowing began optimistically, with most soybeans planted on time compared to last year. However, in the southern part of the country including Rio Grande do Sul and Parana, rains will be needed in January because if continues to be dry, the crop will be negatively impacted.
After being adversely affected by the coronavirus pandemic, Brazil’s gross domestic product (GDP) registered two years of consecutive growth, 4.6 percent in 2021 and an estimated 3 percent by the end of 2022.
New Zealand is by far the largest exporter of deer meat and products in the world. The first commercial deer farm in New Zealand was established in the early 1970s and since then, the industry has grown into an on-average NZ$280 million (US$175 million) per year export earner for the country’s agricultural sector.
Post forecasts 2022/23 planted cotton area at 1.66 million hectares (ha), with production at 13.3 million bales (2.89 million metric tons, MMT), about a 13 percent increase from the 2021/22 estimated production of 11.52 million bales (2.5 MMT). Cotton area is forecast to rise because of favorable weather leading to timely first-season soybean planting and improved yields, as well as a favorable outlook for prices and profitability.
New Zealand is the second largest exporter of lamb meat in the world, only slightly below Australia, and also one of the top exporters of wool. Today the national sheep herd is far less than half of its peak of approximately over 70 million in the 1980s, having declined to only 26 million today. Despite the national flock continuing to decline, during the last decade meat production and exports have remained stable.