In marketing year (MY) 2023/24, Post forecasts wheat area harvested will reach 215,000 hectares (ha) and production will total 1.32 million metric tons (MMT), unchanged from MY 2022/23 as production was limited by the high costs of inputs. Post estimates wheat imports to increase by 4.0 percent to cover consumption needs. In MY 2023/24, Post forecasts 632,000 MT of corn production, a 6.2 percent increase from MY 2022/23 due to high corn price pushing up area planted. Corn consumption will reach 2.92 MMT, a 1.7 percent increase over MY 2022/23 on higher demand for corn from the Chilean pork and poultry industries.
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