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- (-) July 2023
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Improved weather forecasts are expected to lead to recoveries in grain production in Argentina. However, continued dry conditions are projected to limit planting of wheat and rice.
Raisin production in Chile relies almost exclusively on table grape production that does meet quality levels for fresh exports. It also became a profitable alternative for orchards with traditional table grape varieties that are facing low prices in international markets.
Post estimates MY 2022/2023 soybean production at 21.25 million metric tons (MMT), 3.75 MMT below the official USDA estimate on lower than expected yields.
In 2022, the Chilean retail food industry witnessed a robust recovery, with total sales reaching approximately $29.5 billion, a 20.9 percent over 2021. Supermarkets and grocery stores remained the primary retail channels for food products, accounting for around 55.5 percent of the market share.