Peruvian mandarin and tangerine production forecasted to decrease this season

Published 2023년 1월 11일

Tridge summary

The USDA's FAS Lima team forecasts a slight decrease in Peru's mandarin and tangerine production for the 2022/23 marketing year, with an anticipated production of 550,000 metric tons. Exports are expected to drop by 10% to 200,000 metric tons, with the United States remaining Peru's primary market, receiving approximately 121,000 metric tons. The decline in production and exports is attributed to various factors, including increased labor costs, fertilizer scarcity, adverse weather conditions, higher transportation costs, and container shortages. Despite these challenges, Peru's citrus exports to the U.S. have seen consistent growth over the past six years, with a notable increase due to COVID-19's impact on citrus demand, although this growth is expected to level off in the 2023/24 marketing year.

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

Original content

FAS Lima forecasts Peruvian mandarin/tangerine production at 550,000 metric tons (MT), with exports expected to reach 200,000 MT for marketing year 2022/23 (March 2023 to February 2024), according to a report released by the USDA.These represent slight decreases from the previous year.Lower profitability driven by labor cost increases, fertilizer scarcity, erratic weather, increased transportation costs, and container shortages will negatively impact production and exports.Citrus exports to the United States are expected to fall slightly to 121,000 MT. The U.S. will likely remain Peru’s top partner.The following table provides revised data for total Peruvian fresh mandarin/tangerine production, supply, and distribution (PS&D) for Peruvian (PE) marketing years (MY, March-February) 2021/22 and 2022/23, and the initial forecast for MY 2023/24. The MY mentioned above are equivalent to U.S. MY 2020/21, 2021/22 and 2022/23, respectively.FAS Lima expects Peruvian mandarin/tangerine ...

Source: Producebluebook