More setbacks in the Argentine citrus sector due to delayed start

Published 2023년 5월 19일

Tridge summary

The Argentinian citrus sector is facing challenges due to a delayed start to the new season caused by drought, followed by rain, resulting in a smaller harvest. The country's inflation rate of over 100% and currency issues are also impacting the industry. Despite these challenges, producers are committed to supplying the global market. A state of emergency has been declared for lemon growers in Tucuman province, with tax relief provided to provide relief from increased citrus production in Uruguay and South Africa. The government is working to avoid a fiscal crisis and high unemployment rates. The industry is hoping for support for a special Argentinian peso for citrus exports to help with market challenges.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Argentinian citrus sector is facing more setbacks after a delayed start to the new season due to drought, combined with the world's worst inflation rate of over 100% and currency issues. Despite these challenges, producers say they want to honor long-term investments and commitments and continue to supply the global market. According to citrus growers and exporters from Tucuman and other growing areas in Argentina, who are very sensitive to the disclosure of information due to the challenges and wish to remain anonymous: "The season started late due to weather problems. There was a significant drought and in there were periods of rain in April, so the harvest only started later in May with a smaller harvest." Official industry sources contacted did not respond in time for publication. Although the Argentine government has declared a state of emergency for lemon growers in Tucuman province, they and exporters say they are doing their best to "just hold on and survive the ...

Source: AGF