Challenging agricultural production in Portugal in 2021/22

Portugal’s National Statistics Institute (INE) released on November 18 that it expects a decrease in olive production in 21/22 (40% less than the previous year) due to scarce rainfall and high temperatures. In fruit trees, the situation is similar, with pear yields down 45%, chestnuts down 30%, apples down 20%, almonds down 15% and kiwis down 5%. 2022 Portuguese agricultural harvests are also expected to be down 15% year-on-year. The spring crop was also affected by a severe drought throughout the growing cycle, with a 10% reduction in corn yields and a 15% reduction in rice and tomatoes for processing. However, such a vintage is expected to produce high quality wines.

Source: Economic and Commercial Section of the Embassy of the Portuguese Republic

Post time: Dec-12-2022