Market Update - Southern Hemisphere, December 2024
The latest from Chile, Argentina, South Africa, Australia & NZ
Below are bulk market and growing season updates from Ciatti’s offices in the Southern Hemisphere. Information correct as of December 16th.
Chile
Bulk Market
There is a suspicion that, with the 2024 crush having come in at 930 million litres – some 400 million litres short of the old average of 1.3 billion – and further uprooting likely to have reduced the crop potential for some years to come, 2024 and older carryover stock will be drawn-down through 2025 to help meet demand, leaving Chile in undersupply.