Required Report - public distribution

**Date:** 5/15/2006

**GAIN Report Number:** AR6018

AR6018

**Argentina**

**Citrus**

**Semi-Annual**

**2006**

**Approved by:**

![](media/image1.wmf)Robert K. Hoff

U.S. Embassy

**Prepared by:**

Francisco Pirovano

**Report Highlights:**

Citrus production in calendar year (CY) 2006 will decline as a result of
a long drought that began in October 2005. Total production for CY 2006
is forecast at 2.43 million metric tons (MT). The drought has had its
biggest impact in Northeastern of Argentina. Exports of tangerines and
oranges will decline while lemons and grapefruit not so badly affected
will increase a little. Total citrus exports are forecast at 620 MT.
Domestic consumption is expected to drop for all four species, with the
steepest fall in tangerines where for some varieties up to 80 percent
will remain on the trees due to the lack of commercial quality. Imports
will continue to remain low as in the years before with only seasonal
purchases of grapefruit.

Includes PSD Changes: Yes

Includes Trade Matrix: No

Semi-Annual Report

Buenos Aires \[AR1\]

\[AR\]

Table of Contents

[Section I. Situation and Outlook 3](#section-i.-situation-and-outlook)

[Production 3](#production)

[Consumption 4](#consumption)

[Processing 4](#processing)

[Trade 5](#trade)

[Factors Affecting the Industry Structure
6](#factors-affecting-the-industry-structure)

[Section II. Statistical Tables 6](#section-ii.-statistical-tables)

# Section I. Situation and Outlook

# Production

Overall, calendar year (CY) 2006 citrus production is forecast to fall
down to 2.43 million metric tons (MT), a nine percent drop from CY 2005.

The long drought mentioned in AR5034 is still affecting the citrus
production area located in Northeastern Argentina (NEA). With different
degrees of losses, most tangerines and orange plantations will be
negatively affected in CY 2006, due to this drought. Early tangerines
like the Okitsu variety have not reached commercial size. These
varieties will not even be suitable for the domestic market. Sources in
the industry informed that 50 percent of the Okitsu and 80 percent of
the Nova tangerines would remain on the trees due to their small size.
In the case of Navel oranges, the same source informed that 40 percent
of the fruit will not reach the commercial size, obliging farmers to
leave them on the trees.

In the NEA, only 5 percent of the planted area with citrus is irrigated.
The largest companies that export most of their production are those,
which irrigate. Sources from those companies informed that CY 2006
harvest has been irrigated since November 2005 due to the long drought.
The combination of dry weather and irrigation resulted in a much better
quality fruit than normal since the lack of rainfall has entailed less
development of fungi. Thus, even though the quantity will be lower than
in other years, quality will be superior, leaving more fruit for the
export market.

The rest of the oranges, mainly of the Valencia variety, will remain on
the trees through the winter, and probably the start of their harvest
will be delayed until October as a consequence of the drought (see table
below with the normal harvest periods).

<table style="width:100%;">
<colgroup>
<col style="width: 11%" />
<col style="width: 30%" />
<col style="width: 4%" />
<col style="width: 4%" />
<col style="width: 2%" />
<col style="width: 2%" />
<col style="width: 2%" />
<col style="width: 2%" />
<col style="width: 2%" />
<col style="width: 2%" />
<col style="width: 2%" />
<col style="width: 2%" />
<col style="width: 2%" />
<col style="width: 2%" />
<col style="width: 2%" />
<col style="width: 2%" />
<col style="width: 4%" />
<col style="width: 4%" />
<col style="width: 4%" />
<col style="width: 4%" />
</colgroup>
<tbody>
<tr class="odd">
<td colspan="20">Citrus Harvest seasons</td>
</tr>
<tr class="even">
<td colspan="2"> NEA (Northeastern Argentina)</td>
<td>E</td>
<td>F</td>
<td colspan="2">M</td>
<td colspan="2">A</td>
<td colspan="2">M</td>
<td colspan="2">J</td>
<td colspan="2">J</td>
<td colspan="2">A</td>
<td>S</td>
<td>O</td>
<td>N</td>
<td>D</td>
</tr>
<tr class="odd">
<td rowspan="9">Tangerine</td>
<td><h2 id="okistu">Okistu</h2></td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="even">
<td>Satsuma</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="odd">
<td>Clementinas</td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="even">
<td>Nova</td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="odd">
<td>Dancy</td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="even">
<td>Ellendale</td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="odd">
<td>Malvasio</td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="even">
<td>Murcott</td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="odd">
<td>Ortanique</td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="even">
<td rowspan="8">Orange</td>
<td>Navels</td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="odd">
<td>Salustiana</td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="even">
<td><h2 id="común">Común</h2></td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="odd">
<td>Delta Seedless</td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="even">
<td>Navel Late</td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="odd">
<td>Lane Late</td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="even">
<td>Valencia Seedless</td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="odd">
<td>Valencia Late</td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
</tbody>
</table>

Post forecasts a total lemon production of 1.2 million MT for CY 2006,
down 7.7 percent with respect to CY 2005 total lemon production. The
grapefruit crop in Northwestern Argentina (NOA) will not be good for CY
2006. Sources in the industry state that CY 2006 harvest is expected to
reach 150,000 MT, 11 percent lower than in CY 2005, due to lower yields
as a result of lack of water in the spring of CY 2005. Tangerine and
orange crops for CY 2006 are estimated to be poorer than the previous
year, due to the effect of the drought. Post forecast 380,000 MT for
tangerines and 700,000 MT oranges meaning 11.3 and 9 percent less than
in CY 2005 respectively.

Lemon producers are concerned about the development of their business in
CY 2006. With industrial (juice, oil and peel) prices at very low
levels, it is expected that at full season processing plants will stop
buying fruit that goes only to processing and will only buy fruit on the
tree if estimated yields of fruit for the fresh market are higher than
35 percent. This will imply that once again as in years before, 200,000
MT of lower quality fruit (suitable only for processing proposes) will
remain in the fields since farmers will not find a market for their
fruit.

+---------------+----------------+----------------+-------------------+
| **Argentine   |                |                |                   |
| Citrus        |                |                |                   |
| Production    |                |                |                   |
| (1000 MT)**   |                |                |                   |
+---------------+----------------+----------------+-------------------+
|               | **CY 2004**    | **CY 2005**    | **CY 2006**       |
+---------------+----------------+----------------+-------------------+
| ##            | 1220           | 1300           | 1200              |
| ###### Lemons |                |                |                   |
+---------------+----------------+----------------+-------------------+
| **Oranges**   | 750            | 770            | 700               |
+---------------+----------------+----------------+-------------------+
| *             | 420            | 430            | 380               |
| *Tangerines** |                |                |                   |
+---------------+----------------+----------------+-------------------+
| *             | 160            | 170            | 150               |
| *Grapefruit** |                |                |                   |
+---------------+----------------+----------------+-------------------+
| #             | **2550**       | **2670**       | **2430**          |
| ####### TOTAL |                |                |                   |
+---------------+----------------+----------------+-------------------+
| ########      |                | **[↑4          | *                 |
|  Change from  |                | .49%]{.mark}** | *[↓9.0%]{.mark}** |
| previous year |                |                |                   |
+---------------+----------------+----------------+-------------------+

## 

# Consumption

Domestic consumption of citrus is expected to drop in CY 2006 since the
export sector will compete strongly, and supply is forecast to decrease
as a result of lower production.

+---------------+----------------+----------------+-------------------+
| #### Argentin |                |                |                   |
| e Citrus Dome |                |                |                   |
| stic Consumpt |                |                |                   |
| ion (1000 MT) |                |                |                   |
+---------------+----------------+----------------+-------------------+
|               | **CY 2004**    | **CY 2005**    | **CY 2006**       |
+---------------+----------------+----------------+-------------------+
| ##            | 54             | 55             | 50                |
| ###### Lemons |                |                |                   |
+---------------+----------------+----------------+-------------------+
| **Oranges**   | 455            | 450            | 420               |
+---------------+----------------+----------------+-------------------+
| *             | 310            | 310            | 270               |
| *Tangerines** |                |                |                   |
+---------------+----------------+----------------+-------------------+
| *             | 55             | 45             | 40                |
| *Grapefruit** |                |                |                   |
+---------------+----------------+----------------+-------------------+
| #             | 874            | 860            | 780               |
| ####### TOTAL |                |                |                   |
+---------------+----------------+----------------+-------------------+
| ########      |                | **[↓1          | *                 |
|  Change from  |                | .63%]{.mark}** | *[↓9.3%]{.mark}** |
| previous year |                |                |                   |
+---------------+----------------+----------------+-------------------+

## 

# Processing

Citrus fruit sent to processing is expected to fall in CY 2006 as a
result of lower production.

+---------------+----------------+----------------+-------------------+
| ###           |                |                |                   |
| # Argentine C |                |                |                   |
| itrus to Proc |                |                |                   |
| ess (1000 MT) |                |                |                   |
+---------------+----------------+----------------+-------------------+
|               | **CY 2004**    | **CY 2005**    | **CY 2006**       |
+---------------+----------------+----------------+-------------------+
| ##            | 850            | 880            | 760               |
| ###### Lemons |                |                |                   |
+---------------+----------------+----------------+-------------------+
| **Oranges**   | 160            | 170            | 150               |
+---------------+----------------+----------------+-------------------+
| *             | 43             | 45             | 50                |
| *Tangerines** |                |                |                   |
+---------------+----------------+----------------+-------------------+
| *             | 75             | 90             | 70                |
| *Grapefruit** |                |                |                   |
+---------------+----------------+----------------+-------------------+
| #             | 1128           | 1185           | 1030              |
| ####### TOTAL |                |                |                   |
+---------------+----------------+----------------+-------------------+
| **Change from |                | **[↑           | **                |
| previous      |                | 4.8%]{.mark}** | [↓13.0%]{.mark}** |
| year**        |                |                |                   |
|               |                |                |                   |
|               |                |                |                   |
+---------------+----------------+----------------+-------------------+

# Trade

CY 2006 citrus exports are expected to fall due to lower orange and
tangerine production. Lemons and grapefruit exports however, are
forecast to increase in CY 2006 as new markets are being developed and
old ones, such as the Russian Federation, are becoming increasingly good
for the Argentine suppliers. Post forecast, total citrus export for CY
2006 at 620,000 MT.

+---------------+----------------+----------------+-------------------+
| **Argentine   |                |                |                   |
| Citrus        |                |                |                   |
| Exports (1000 |                |                |                   |
| MT)**         |                |                |                   |
+---------------+----------------+----------------+-------------------+
|               | **CY 2004**    | **CY 2005**    | **CY 2006\***     |
+---------------+----------------+----------------+-------------------+
| ##            | 320            | 367            | 390               |
| ###### Lemons |                |                |                   |
+---------------+----------------+----------------+-------------------+
| **Oranges**   | 158            | 168            | 130               |
+---------------+----------------+----------------+-------------------+
| *             | 69             | 71             | 60                |
| *Tangerines** |                |                |                   |
+---------------+----------------+----------------+-------------------+
| *             | 30             | 34             | 40                |
| *Grapefruit** |                |                |                   |
+---------------+----------------+----------------+-------------------+
| #             | 577            | 640            | 620               |
| ####### TOTAL |                |                |                   |
+---------------+----------------+----------------+-------------------+
| ########      |                | **[↑1          | *                 |
|  Change from  |                | 1.0%]{.mark}** | *[↓3.0%]{.mark}** |
| previous year |                |                |                   |
+---------------+----------------+----------------+-------------------+

Exports of citrus in CY 2005 were 640,000 MT, that is, 11 percent more
that that exported in CY 2004. As a commercial block, the European Union
(EU) is still the main market for Argentine citrus. In CY 2005, the EU
purchased 414,000 MT valued at US\$167 million, three percent more than
in CY 2004.

+---------------------+-------+-------+-------+------+-------+------+
| **Citrus Exports to |       |       |       |      |       |      |
| the European        |       |       |       |      |       |      |
| Union**             |       |       |       |      |       |      |
+---------------------+-------+-------+-------+------+-------+------+
|                     | **2   |       | **2   |      | **2   |      |
|                     | 003** |       | 004** |      | 005** |      |
+---------------------+-------+-------+-------+------+-------+------+
|                     | *     | *     | *     | **   | *     | **   |
|                     | *US\$ | *MT** | *US\$ | MT** | *US\$ | MT** |
|                     | mill  |       | mill  |      | mill  |      |
|                     | ion** |       | ion** |      | ion** |      |
+---------------------+-------+-------+-------+------+-------+------+
| **Lemons**          | 96.5  | 24    | 85    | 206  | 107   | 266  |
|                     |       | 6,000 |       | ,000 |       | ,000 |
+---------------------+-------+-------+-------+------+-------+------+
| # Oranges           | 19.5  | 6     | 33    | 102  | 24    | 70   |
|                     |       | 9,000 |       | ,000 |       | ,000 |
+---------------------+-------+-------+-------+------+-------+------+
| **Tangerines**      | 19    | 4     | 34    | 68   | 25    | 49   |
|                     |       | 3,000 |       | ,000 |       | ,000 |
+---------------------+-------+-------+-------+------+-------+------+
| **Grapefruit**      | 8     | 2     | 9.5   | 26   | 11    | 29   |
|                     |       | 7,000 |       | ,000 |       | ,000 |
+---------------------+-------+-------+-------+------+-------+------+
| **Citrus total**    | 143   | 38    | 161.5 | 402  | 167   | 414  |
|                     |       | 5,000 |       | ,000 |       | ,000 |
+---------------------+-------+-------+-------+------+-------+------+

Outside the EU, the main single market continues to be, for a third year
in a row, the Russian Federation with 143,000 MT, worth US\$53 million.
Ukrainian purchases of Argentine citrus have also increased 40 percent
per year since CY 2003 reaching in CY 2005 25,000 MT, worth US\$10
million.

Regarding the Argentine citrus exports to the Russian Federation, lemons
have been the main export fruit since CY 2003. However, in CY 2005,
lemon exports fell 10 percent and orange exports increased 55 percent
overcoming lemons on the list of citrus exported to this market. Orange
exports to the Russian Federation in CY 2005 were 63,000 MT valued at
US\$18.5 million versus 40,000 MT and US\$13,3 million in CY 2004.
Tangerines exports also increased from 12,000 to 18,000 MT, and from
US\$6 to 9 million from CY 2004 to CY 2005, respectively. Grapefruit
exports to the Russian Federation did not suffer major changes over the
past three years, remaining around 1,200 MT valued at US\$3.5 million.

Citrus imports declined from 3,600 MT to 3,000 MT in 2003 and 2004,
respectively to 1,400 MT in CY 2005. Import values also dropped in CY
2005 to US\$500,000 from the US\$770,000 in CY 2004 and US\$810,000 in
CY 2003. Grapefruit, the only species imported in CY 2005, came from
Uruguay (744 MT), Chile (536 MT), and Israel (127 MT).

  -------------------------------------------------------------- --------
  **Export and Import Regulations**                              

  For countries outside MERCOSUR AREA                            

  Import Tariff                                                  10.00

  Statistical Tax                                                0.50

  Export Tax                                                     5.00

  Rebate for cases containing less than 16 Kg.                   5.00

  Rebate for cases containing 16 -- 20 Kg.                       4.05

  Rebate for cases containing more than 20 Kg.                   2.70

  For countries within MERCOSUR AREA                             

  Import Tariff                                                  0.00

  Export tariff                                                  5.00

  Rebate for cases containing less than 16 Kg.                   5.00

  Rebate for cases containing 16 -- 20 Kg.                       4.05

  Rebate for cases containing more than 20 Kg.                   2.70
  -------------------------------------------------------------- --------

# Factors Affecting the Industry Structure

**Cost**

Logistical costs including transportation, increased five percent due to
drivers wage increases over the last month. This cost has gone up a
total of 21.3 percent over the last year and 207.7 percent since the
devaluation of the peso in February 2002. Inputs such as fertilizer,
cooper (fungicides), and other pesticides, have increased considerably
in the last six months. Farm gate production cost for lemons is US\$2000
per hectare with a total yield of 50 MT per hectare of which only 35
percent is deemed suitable for export purposes. FOB cost of a case with
a net capacity of 18 Kg. of fresh lemons is between 6.9 and 7.7 US
dollars.

**Standards**

Since February 2006, Argentina's Animal and Plant Health Service
(SENASA) has started to enforce Resolution 145/83 and 493/01 which aim
to achieve better handling, identification and improved food safety
standarts in all packing plants that process fruit for the domestic
market. In this way, the fruit consumed domestically will have standards
that are required at international level.

## 

**Prices**

+----------------+------------+-------------+-------------+-----------+
| ###            | **FOB      |             |             |           |
| ### **Lemons** | Prices     |             |             |           |
|                | (          |             |             |           |
|                | US\$/MT)** |             |             |           |
+----------------+------------+-------------+-------------+-----------+
|                | **2002**   | **2003**    | **2004**    | **2005**  |
+----------------+------------+-------------+-------------+-----------+
| ##             | 470        | 0           | 300         | 300       |
| ###### January |            |             |             |           |
+----------------+------------+-------------+-------------+-----------+
| **February**   | 390        | 0           | 590         | 490       |
+----------------+------------+-------------+-------------+-----------+
| **March**      | 350        | 350         | 410         | 420       |
+----------------+------------+-------------+-------------+-----------+
| **April**      | 340        | 430         | 420         | 420       |
+----------------+------------+-------------+-------------+-----------+
| **May**        | 340        | 390         | 410         | 410       |
+----------------+------------+-------------+-------------+-----------+
| **June**       | 320        | 380         | 400         | 410       |
+----------------+------------+-------------+-------------+-----------+
| **July**       | 320        | 380         | 410         | 400       |
+----------------+------------+-------------+-------------+-----------+
| **August**     | 320        | 390         | 390         | 390       |
+----------------+------------+-------------+-------------+-----------+
| **September**  | 310        | 390         | 370         | 380       |
+----------------+------------+-------------+-------------+-----------+
| **October**    | 330        | 420         | 340         | 360       |
+----------------+------------+-------------+-------------+-----------+
| **November**   | 290        | 0           | 350         | 100       |
+----------------+------------+-------------+-------------+-----------+
| **December**   | 240        | 170         | 350         | 290       |
+----------------+------------+-------------+-------------+-----------+
| ##             | 335        | 367         | 395         | 364       |
| ###### Average |            |             |             |           |
+----------------+------------+-------------+-------------+-----------+

+----------------+-------------+-------------+-------------+-----------+
| ####           | **FOB       |             |             |           |
| ## **Oranges** | Prices      |             |             |           |
|                | (US\$/MT)** |             |             |           |
+----------------+-------------+-------------+-------------+-----------+
|                | **2002**    | **2003**    | **2004**    | **2005**  |
+----------------+-------------+-------------+-------------+-----------+
| ##             | 40          | 0           | 0           | 30        |
| ###### January |             |             |             |           |
+----------------+-------------+-------------+-------------+-----------+
| # February     | 30          | 0           | 0           | 30        |
+----------------+-------------+-------------+-------------+-----------+
| **March**      | 30          | 0           | 0           | 30        |
+----------------+-------------+-------------+-------------+-----------+
| **April**      | 20          | 0           | 0           | 30        |
+----------------+-------------+-------------+-------------+-----------+
| **May**        | 200         | 360         | 360         | 300       |
+----------------+-------------+-------------+-------------+-----------+
| **June**       | 270         | 330         | 330         | 310       |
+----------------+-------------+-------------+-------------+-----------+
| **July**       | 260         | 310         | 320         | 330       |
+----------------+-------------+-------------+-------------+-----------+
| **August**     | 240         | 290         | 310         | 300       |
+----------------+-------------+-------------+-------------+-----------+
| **September**  | 190         | 250         | 310         | 300       |
+----------------+-------------+-------------+-------------+-----------+
| **October**    | 50          | 160         | 280         | 240       |
+----------------+-------------+-------------+-------------+-----------+
| **November**   | 10          | 190         | 220         | 210       |
+----------------+-------------+-------------+-------------+-----------+
| **December**   | 0           | 0           | 30          | 30        |
+----------------+-------------+-------------+-------------+-----------+
| **Average**    | 122         | 270         | 270         | 178.333   |
+----------------+-------------+-------------+-------------+-----------+

+---------------+-------------+-------------+-------------+-----------+
| ###### *      | **FOB       |             |             |           |
| *Tangerines** | Prices      |             |             |           |
|               | (US\$/MT)** |             |             |           |
+---------------+-------------+-------------+-------------+-----------+
|               | **2002**    | **2003**    | **2004**    | **2005**  |
+---------------+-------------+-------------+-------------+-----------+
| ###           | 0           | 0           | 0           | 0         |
| ##### January |             |             |             |           |
+---------------+-------------+-------------+-------------+-----------+
| **February**  | 430         | 470         | 480         | 530       |
+---------------+-------------+-------------+-------------+-----------+
| **March**     | 460         | 450         | 520         | 530       |
+---------------+-------------+-------------+-------------+-----------+
| **April**     | 410         | 450         | 520         | 530       |
+---------------+-------------+-------------+-------------+-----------+
| **May**       | 390         | 470         | 530         | 540       |
+---------------+-------------+-------------+-------------+-----------+
| **June**      | 360         | 460         | 510         | 520       |
+---------------+-------------+-------------+-------------+-----------+
| **July**      | 360         | 440         | 470         | 500       |
+---------------+-------------+-------------+-------------+-----------+
| **August**    | 350         | 441         | 460         | 480       |
+---------------+-------------+-------------+-------------+-----------+
| #####         | 240         | 410         | 450         | 470       |
| ### September |             |             |             |           |
+---------------+-------------+-------------+-------------+-----------+
| **October**   | 220         | 400         | 410         | 420       |
+---------------+-------------+-------------+-------------+-----------+
| **November**  | 20          | N/A         | N/A         | 230       |
+---------------+-------------+-------------+-------------+-----------+
| **December**  | N/A         | N/A         | 220         | 70        |
+---------------+-------------+-------------+-------------+-----------+
| **Average**   | 324         | 443         | 457         | 438       |
+---------------+-------------+-------------+-------------+-----------+

+---------------+-----------+--------------+-------------+-----------+
| ###### *      | **FOB     |              |             |           |
| *Grapefruit** | Prices    |              |             |           |
|               | (U        |              |             |           |
|               | S\$/MT)** |              |             |           |
+---------------+-----------+--------------+-------------+-----------+
|               | **2002**  | **2003**     | **2004**    | **2005**  |
+---------------+-----------+--------------+-------------+-----------+
| ###           | 0         | 0            | 0           | 0         |
| ##### January |           |              |             |           |
+---------------+-----------+--------------+-------------+-----------+
| **February**  | 0         | 0            | 0           | 0         |
+---------------+-----------+--------------+-------------+-----------+
| **March**     | 190       | 0            | 0           | 390       |
+---------------+-----------+--------------+-------------+-----------+
| **April**     | 290       | 310          | 380         | 380       |
+---------------+-----------+--------------+-------------+-----------+
| **May**       | 280       | 300          | 360         | 370       |
+---------------+-----------+--------------+-------------+-----------+
| **June**      | 280       | 330          | 350         | 380       |
+---------------+-----------+--------------+-------------+-----------+
| **July**      | 260       | 330          | 340         | 380       |
+---------------+-----------+--------------+-------------+-----------+
| **August**    | 210       | 330          | 370         | 440       |
+---------------+-----------+--------------+-------------+-----------+
| **September** | 230       | 180          | 350         | 370       |
+---------------+-----------+--------------+-------------+-----------+
| **October**   | 0         | 0            | 0           | 0         |
+---------------+-----------+--------------+-------------+-----------+
| **November**  | 0         | 0            | 0           | 100       |
+---------------+-----------+--------------+-------------+-----------+
| **December**  | 0         | 0            | 0           | 40        |
+---------------+-----------+--------------+-------------+-----------+
| **Average**   | 249       | 297          | 358         | 293       |
+---------------+-----------+--------------+-------------+-----------+

+----------------+-----------+---------+---------+--------+---------+
| ###            | *         |         |         |        |         |
| ### **Lemons** | *Domestic |         |         |        |         |
|                | Wholesale |         |         |        |         |
|                | Prices    |         |         |        |         |
|                | (U        |         |         |        |         |
|                | S\$/Kg)** |         |         |        |         |
+----------------+-----------+---------+---------+--------+---------+
| ######         | **2002**  | *       | *       | **     | *       |
|                |           | *2003** | *2004** | 2005** | *2006** |
+----------------+-----------+---------+---------+--------+---------+
| **January**    | 0.32      | 0.16    | 0.25    | 0.21   | \$0.18  |
+----------------+-----------+---------+---------+--------+---------+
| **February**   | 0.23      | 0.21    | 0.22    | 0.30   | \$0.19  |
+----------------+-----------+---------+---------+--------+---------+
| **March**      | 0.15      | 0.22    | 0.22    | 0.22   | \$0.22  |
+----------------+-----------+---------+---------+--------+---------+
| **April**      | 0.11      | 0.17    | 0.24    | 0.21   |         |
+----------------+-----------+---------+---------+--------+---------+
| **May**        | 0.09      | 0.15    | 0.19    | 0.18   |         |
+----------------+-----------+---------+---------+--------+---------+
| ######## June  | 0.08      | 0.13    | 0.16    | 0.17   |         |
+----------------+-----------+---------+---------+--------+---------+
| **July**       | 0.08      | 0.13    | 0.15    | 0.16   |         |
+----------------+-----------+---------+---------+--------+---------+
| **August**     | 0.08      | 0.12    | 0.15    | 0.15   |         |
+----------------+-----------+---------+---------+--------+---------+
| **September**  | 0.08      | 0.13    | 0.16    | 0.15   |         |
+----------------+-----------+---------+---------+--------+---------+
| **October**    | 0.11      | 0.14    | 0.16    | \$0.15 |         |
+----------------+-----------+---------+---------+--------+---------+
| **November**   | 0.13      | 0.15    | 0.18    | \$0.18 |         |
+----------------+-----------+---------+---------+--------+---------+
| **December**   | 0.14      | 0.25    | 0.20    | \$0.17 |         |
+----------------+-----------+---------+---------+--------+---------+
| **Average**    | 0.13      | 0.16    | 0.19    | \$0.19 |         |
+----------------+-----------+---------+---------+--------+---------+

+-----------------+-----------+----------+---------+--------+--------+
| ###             | *         |          |         |        |        |
| ### **Oranges** | *Domestic |          |         |        |        |
|                 | Wholesale |          |         |        |        |
|                 | Prices    |          |         |        |        |
|                 | (U        |          |         |        |        |
|                 | S\$/Kg)** |          |         |        |        |
+-----------------+-----------+----------+---------+--------+--------+
| #####           | **2002**  | *        | *       | **     | **     |
|                 |           | *C2003** | *2004** | 2005** | 2006** |
+-----------------+-----------+----------+---------+--------+--------+
| #               | \$0.12    | \$0.18   | \$0.18  | \$0.15 | \$0.12 |
| ####### January |           |          |         |        |        |
+-----------------+-----------+----------+---------+--------+--------+
| **February**    | \$0.09    | \$0.26   | \$0.24  | \$0.21 | \$0.16 |
+-----------------+-----------+----------+---------+--------+--------+
| **March**       | \$0.13    | \$0.25   | \$0.36  | \$0.15 | \$0.27 |
+-----------------+-----------+----------+---------+--------+--------+
| **April**       | \$0.10    | \$0.25   | \$0.41  | \$0.17 |        |
+-----------------+-----------+----------+---------+--------+--------+
| **May**         | \$0.09    | \$0.21   | \$0.21  | \$0.17 |        |
+-----------------+-----------+----------+---------+--------+--------+
| **June**        | \$0.10    | \$0.16   | \$0.17  | \$0.18 |        |
+-----------------+-----------+----------+---------+--------+--------+
| **July**        | \$0.09    | \$0.16   | \$0.14  | \$0.17 |        |
+-----------------+-----------+----------+---------+--------+--------+
| **August**      | \$0.08    | \$0.14   | \$0.15  | \$0.15 |        |
+-----------------+-----------+----------+---------+--------+--------+
| **September**   | \$0.09    | \$0.15   | \$0.15  | \$0.15 |        |
+-----------------+-----------+----------+---------+--------+--------+
| **October**     | \$0.11    | \$0.13   | \$0.16  | \$0.18 |        |
+-----------------+-----------+----------+---------+--------+--------+
| **November**    | \$0.15    | \$0.18   | \$0.19  | \$0.19 |        |
+-----------------+-----------+----------+---------+--------+--------+
| **December**    | \$0.20    | \$0.17   | \$0.20  | \$0.14 |        |
+-----------------+-----------+----------+---------+--------+--------+
| **Average**     | \$0.11    | \$0.19   | \$0.21  | \$0.17 |        |
+-----------------+-----------+----------+---------+--------+--------+

+----------------+---------+----------+---------+--------+---------+
| ######         | **D     |          |         |        |         |
| **Tangerines** | omestic |          |         |        |         |
|                | Wh      |          |         |        |         |
|                | olesale |          |         |        |         |
|                | Prices  |          |         |        |         |
|                | (US\    |          |         |        |         |
|                | $/Kg)** |          |         |        |         |
+----------------+---------+----------+---------+--------+---------+
| ######         | *       | **2003** | *       | **     | *       |
|                | *2002** |          | *2004** | 2005** | *2006** |
+----------------+---------+----------+---------+--------+---------+
| ##             | \$0.21  | \$0.21   | \$0.29  | \$0.16 | \$0.25  |
| ###### January |         |          |         |        |         |
+----------------+---------+----------+---------+--------+---------+
| **February**   | \$0.19  | \$0.18   | \$0.30  | \$0.37 | \$0.00  |
+----------------+---------+----------+---------+--------+---------+
| **March**      | \$0.11  | \$0.20   | \$0.21  | \$0.18 | \$0.20  |
+----------------+---------+----------+---------+--------+---------+
| **April**      | \$0.08  | \$0.16   | \$0.16  | \$0.16 |         |
+----------------+---------+----------+---------+--------+---------+
| **May**        | \$0.10  | \$0.14   | \$0.14  | \$0.15 |         |
+----------------+---------+----------+---------+--------+---------+
| **June**       | \$0.10  | \$0.11   | \$0.13  | \$0.13 |         |
+----------------+---------+----------+---------+--------+---------+
| **July**       | \$0.10  | \$0.10   | \$0.12  | \$0.11 |         |
+----------------+---------+----------+---------+--------+---------+
| **August**     | \$0.09  | \$0.10   | \$0.14  | \$0.14 |         |
+----------------+---------+----------+---------+--------+---------+
| **September**  | \$0.10  | \$0.13   | \$0.17  | \$0.13 |         |
+----------------+---------+----------+---------+--------+---------+
| **October**    | \$0.11  | \$0.14   | \$0.20  | \$0.14 |         |
+----------------+---------+----------+---------+--------+---------+
| **November**   | \$0.14  | \$0.16   | \$0.21  | \$0.20 |         |
+----------------+---------+----------+---------+--------+---------+
| **December**   | \$0.19  | \$0.25   | \$0.20  | \$0.22 |         |
+----------------+---------+----------+---------+--------+---------+
| **Average**    | \$0.13  | \$0.16   | \$0.19  | \$0.17 |         |
+----------------+---------+----------+---------+--------+---------+

+----------------+---------+----------+---------+--------+---------+
| ######         | **D     |          |         |        |         |
| **Grapefruit** | omestic |          |         |        |         |
|                | Wh      |          |         |        |         |
|                | olesale |          |         |        |         |
|                | Prices  |          |         |        |         |
|                | (US\    |          |         |        |         |
|                | $/Kg)** |          |         |        |         |
+----------------+---------+----------+---------+--------+---------+
| ######         | *       | **2003** | *       | ###    | *       |
|                | *2002** |          | *2004** | # 2005 | *2006** |
+----------------+---------+----------+---------+--------+---------+
| ##             | \$0.14  | \$0.28   | \$0.41  | \$0.39 | \$0.37  |
| ###### January |         |          |         |        |         |
+----------------+---------+----------+---------+--------+---------+
| **February**   | \$0.13  | \$0.39   | \$0.43  | \$0.59 | \$0.38  |
+----------------+---------+----------+---------+--------+---------+
| **March**      | \$0.15  | \$0.19   | \$0.45  | \$0.28 | \$0.34  |
+----------------+---------+----------+---------+--------+---------+
| **April**      | \$0.10  | \$0.17   | \$0.31  | \$0.25 |         |
+----------------+---------+----------+---------+--------+---------+
| **May**        | \$0.10  | \$0.15   | \$0.19  | \$0.19 |         |
+----------------+---------+----------+---------+--------+---------+
| **June**       | \$0.10  | \$0.14   | \$0.15  | \$0.21 |         |
+----------------+---------+----------+---------+--------+---------+
| **July**       | \$0.10  | \$0.14   | \$0.14  | \$0.19 |         |
+----------------+---------+----------+---------+--------+---------+
| **August**     | \$0.09  | \$0.14   | \$0.19  | \$0.19 |         |
+----------------+---------+----------+---------+--------+---------+
| **September**  | \$0.10  | \$0.14   | \$0.21  | \$0.21 |         |
+----------------+---------+----------+---------+--------+---------+
| **October**    | \$0.11  | \$0.14   | \$0.27  | \$0.20 |         |
+----------------+---------+----------+---------+--------+---------+
| **November**   | \$0.15  | \$0.17   | \$0.29  | \$0.29 |         |
+----------------+---------+----------+---------+--------+---------+
| **December**   | \$0.19  | \$0.39   | \$0.32  | \$0.28 |         |
+----------------+---------+----------+---------+--------+---------+
| **Average**    | \$0.12  | \$0.20   | \$0.28  | \$0.27 |         |
+----------------+---------+----------+---------+--------+---------+

+-----------------+-----+-----+-----+-----+------+-----+-----+----+
| **Domestic      |     |     |     |     |      |     |     |    |
| Retail Prices   |     |     |     |     |      |     |     |    |
| (US\$/Kg)**     |     |     |     |     |      |     |     |    |
+-----------------+-----+-----+-----+-----+------+-----+-----+----+
|                 | *   |     |     |     | **O  |     |     |    |
|                 | *Le |     |     |     | rang |     |     |    |
|                 | mon |     |     |     | es** |     |     |    |
|                 | s** |     |     |     |      |     |     |    |
+-----------------+-----+-----+-----+-----+------+-----+-----+----+
|                 | **  | **  | **  | **  | **20 | **  | **  | ** |
|                 | 200 | 200 | 200 | 200 | 03** | 200 | 200 | 20 |
|                 | 3** | 4** | 5** | 6** |      | 4** | 5** | 06 |
|                 |     |     |     |     |      |     |     | ** |
+-----------------+-----+-----+-----+-----+------+-----+-----+----+
| #               | 0   | 0   | 0   | 0   | 0.36 | 0   | 0   | 0. |
| ####### January | .36 | .54 | .45 | .42 |      | .40 | .31 | 29 |
+-----------------+-----+-----+-----+-----+------+-----+-----+----+
| **February**    | 0   | 0   | 0   | 0   | 0.43 | 0   | 0   | 0. |
|                 | .45 | .47 | .44 | .43 |      | .49 | .30 | 35 |
+-----------------+-----+-----+-----+-----+------+-----+-----+----+
| **March**       | 0   | 0   | 0   | 0   | 0.48 | 0   | 0   | 0. |
|                 | .49 | .48 | .48 | .45 |      | .62 | .30 | 44 |
+-----------------+-----+-----+-----+-----+------+-----+-----+----+
| **April**       | 0   | 0   | 0   |     | 0.44 | 0   | 0   |    |
|                 | .43 | .49 | .47 |     |      | .64 | .31 |    |
+-----------------+-----+-----+-----+-----+------+-----+-----+----+
| **May**         | 0   | 0   | 0   |     | 0.37 | 0   | 0   |    |
|                 | .38 | .45 | .44 |     |      | .43 | .35 |    |
+-----------------+-----+-----+-----+-----+------+-----+-----+----+
| **June**        | 0   | 0   | 0   |     | 0.31 | 0   | 0   |    |
|                 | .34 | .40 | .42 |     |      | .33 | .33 |    |
+-----------------+-----+-----+-----+-----+------+-----+-----+----+
| **July**        | 0   | 0   | 0   |     | 0.28 | 0   | 0   |    |
|                 | .32 | .36 | .40 |     |      | .30 | .31 |    |
+-----------------+-----+-----+-----+-----+------+-----+-----+----+
| **August**      | 0   | 0   | 0   |     | 0.27 | 0   | 0   |    |
|                 | .31 | .38 | .38 |     |      | .28 | .30 |    |
+-----------------+-----+-----+-----+-----+------+-----+-----+----+
| **September**   | 0   | 0   | 0   |     | 0.29 | 0   | 0   |    |
|                 | .32 | .35 | .40 |     |      | .29 | .30 |    |
+-----------------+-----+-----+-----+-----+------+-----+-----+----+
| **October**     | 0   | 0   | 0   |     | 0.33 | 0   | 0   |    |
|                 | .47 | .38 | .43 |     |      | .31 | .29 |    |
+-----------------+-----+-----+-----+-----+------+-----+-----+----+
| **November**    | 0   | 0   | 0   |     | 0.34 | 0   | 0   |    |
|                 | .54 | .40 | .43 |     |      | .31 | .28 |    |
+-----------------+-----+-----+-----+-----+------+-----+-----+----+
| **December**    | 0   | 0   | 0   |     | 0.35 | 0   | 0   |    |
|                 | .54 | .42 | .43 |     |      | .31 | .31 |    |
+-----------------+-----+-----+-----+-----+------+-----+-----+----+
| **Average**     | 0   | 0   | 0   |     | 0.35 | 0   | 0   |    |
|                 | .41 | .43 | .43 |     |      | .39 | .31 |    |
+-----------------+-----+-----+-----+-----+------+-----+-----+----+

#  Section II. Statistical Tables

+--------------------+-------+-----+------+-----+------+-----+-------+
| **PSD Table**      |       |     |      |     |      |     |       |
+--------------------+-------+-----+------+-----+------+-----+-------+
| **Country**        | ###   |     |      |     |      |     |       |
|                    |  Arge |     |      |     |      |     |       |
|                    | ntina |     |      |     |      |     |       |
+--------------------+-------+-----+------+-----+------+-----+-------+
| **Commodity**      | **Le  |     |      |     | *    |     |       |
|                    | mons, |     |      |     | *(HE |     |       |
|                    | Fr    |     |      |     | CTAR |     |       |
|                    | esh** |     |      |     | ES)( |     |       |
|                    |       |     |      |     | 1000 |     |       |
|                    |       |     |      |     | TRE  |     |       |
|                    |       |     |      |     | ES)( |     |       |
|                    |       |     |      |     | 1000 |     |       |
|                    |       |     |      |     | M    |     |       |
|                    |       |     |      |     | T)** |     |       |
+--------------------+-------+-----+------+-----+------+-----+-------+
|                    | **2   | **  | **20 | **E | **20 | **F | **    |
|                    | 003** | Rev | 04** | sti | 05** | ore | UOM** |
|                    |       | ise |      | mat |      | cas |       |
|                    |       | d** |      | e** |      | t** |       |
+--------------------+-------+-----+------+-----+------+-----+-------+
|                    | *     | **P | **   | **P | **   | **P |       |
|                    | *USDA | ost | USDA | ost | USDA | ost |       |
|                    | Off   | Es  | Offi | Es  | Offi | Es  |       |
|                    | icial | tim | cial | tim | cial | tim |       |
|                    | \[Ol  | ate | \    | ate | \    | ate |       |
|                    | d\]** | \[N | [Old | \[N | [Old | \[N |       |
|                    |       | ew\ | \]** | ew\ | \]** | ew\ |       |
|                    |       | ]** |      | ]** |      | ]** |       |
+--------------------+-------+-----+------+-----+------+-----+-------+
| #                  |       | **  |      | **  |      | **  | *     |
|  Market Year Begin |       | 01/ |      | 01/ |      | 01/ | *MM/Y |
|                    |       | 200 |      | 200 |      | 200 | YYY** |
|                    |       | 4** |      | 5** |      | 6** |       |
+--------------------+-------+-----+------+-----+------+-----+-------+
| # Area Planted     | 45200 | 45  | 4    | 44  | 4    | 44  | (HECT |
|                    |       | 200 | 4000 | 000 | 4000 | 000 | ARES) |
+--------------------+-------+-----+------+-----+------+-----+-------+
| **Area Harvested** | 44000 | 44  | 4    | 43  | 4    | 43  | (HECT |
|                    |       | 000 | 3500 | 500 | 3500 | 500 | ARES) |
+--------------------+-------+-----+------+-----+------+-----+-------+
| **Bearing Trees**  | 11000 | 11  | 1    | 11  | 1    | 11  | (1000 |
|                    |       | 000 | 1000 | 000 | 1000 | 000 | T     |
|                    |       |     |      |     |      |     | REES) |
+--------------------+-------+-----+------+-----+------+-----+-------+
| **Non-Bearing      | 1000  | 1   | 1000 | 1   | 1000 | 1   | (1000 |
| Trees**            |       | 000 |      | 000 |      | 000 | T     |
|                    |       |     |      |     |      |     | REES) |
+--------------------+-------+-----+------+-----+------+-----+-------+
| ########           | 12000 | 12  | 1    | 12  | 1    | 12  | (1000 |
| TOTAL No. Of Trees |       | 000 | 2000 | 000 | 2000 | 000 | T     |
|                    |       |     |      |     |      |     | REES) |
+--------------------+-------+-----+------+-----+------+-----+-------+
| **Production**     | 1220  | 1   | 1300 | 1   | 1200 | 1   | (1000 |
|                    |       | 220 |      | 300 |      | 200 | MT)   |
+--------------------+-------+-----+------+-----+------+-----+-------+
| **Imports**        | 0     | 0   | 0    | 0   | 0    | 0   | (1000 |
|                    |       |     |      |     |      |     | MT)   |
+--------------------+-------+-----+------+-----+------+-----+-------+
| **TOTAL SUPPLY**   | 1220  | 1   | 1300 | 1   | 1200 | 1   | (1000 |
|                    |       | 220 |      | 300 |      | 200 | MT)   |
+--------------------+-------+-----+------+-----+------+-----+-------+
| **Exports**        | 316   | 316 | 380  | 380 | 390  | 390 | (1000 |
|                    |       |     |      |     |      |     | MT)   |
+--------------------+-------+-----+------+-----+------+-----+-------+
| **Fresh Dom.       | 54    | 54  | 55   | 55  | 50   | 50  | (1000 |
| Consumption**      |       |     |      |     |      |     | MT)   |
+--------------------+-------+-----+------+-----+------+-----+-------+
| **Processing**     | 850   | 850 | 865  | 865 | 760  | 760 | (1000 |
|                    |       |     |      |     |      |     | MT)   |
+--------------------+-------+-----+------+-----+------+-----+-------+
| **TOTAL            | 1220  | 1   | 1300 | 1   | 1200 | 1   | (1000 |
| DISTRIBUTION**     |       | 220 |      | 300 |      | 200 | MT)   |
+--------------------+-------+-----+------+-----+------+-----+-------+

+--------------------+-------+-----+------+-----+-----+-----+--------+
| **PSD Table**      |       |     |      |     |     |     |        |
+--------------------+-------+-----+------+-----+-----+-----+--------+
| **Country**        | **A   |     |      |     |     |     |        |
|                    | rgent |     |      |     |     |     |        |
|                    | ina** |     |      |     |     |     |        |
+--------------------+-------+-----+------+-----+-----+-----+--------+
| **Commodity**      | **Ora |     |      |     | **  |     |        |
|                    | nges, |     |      |     | (HE |     |        |
|                    | Fr    |     |      |     | CTA |     |        |
|                    | esh** |     |      |     | RES |     |        |
|                    |       |     |      |     | )(1 |     |        |
|                    |       |     |      |     | 000 |     |        |
|                    |       |     |      |     | TR  |     |        |
|                    |       |     |      |     | EES |     |        |
|                    |       |     |      |     | )(1 |     |        |
|                    |       |     |      |     | 000 |     |        |
|                    |       |     |      |     | MT  |     |        |
|                    |       |     |      |     | )** |     |        |
+--------------------+-------+-----+------+-----+-----+-----+--------+
|                    | **2   | **  | **20 | **E | **  | **F | *      |
|                    | 003** | Rev | 04** | sti | 200 | ore | *UOM** |
|                    |       | ise |      | mat | 5** | cas |        |
|                    |       | d** |      | e** |     | t** |        |
+--------------------+-------+-----+------+-----+-----+-----+--------+
|                    | *     | **P | **   | **P | **U | **P |        |
|                    | *USDA | ost | USDA | ost | SDA | ost |        |
|                    | Off   | Es  | Offi | Es  | Of  | Es  |        |
|                    | icial | tim | cial | tim | fic | tim |        |
|                    | \[Ol  | ate | \    | ate | ial | ate |        |
|                    | d\]** | \[N | [Old | \[N | \[O | \[N |        |
|                    |       | ew\ | \]** | ew\ | ld\ | ew\ |        |
|                    |       | ]** |      | ]** | ]** | ]** |        |
+--------------------+-------+-----+------+-----+-----+-----+--------+
| **Market Year      |       | **  |      | **  |     | **  | **MM/  |
| Begin**            |       | 01/ |      | 01/ |     | 01/ | YYYY** |
|                    |       | 200 |      | 200 |     | 200 |        |
|                    |       | 4** |      | 5** |     | 6** |        |
+--------------------+-------+-----+------+-----+-----+-----+--------+
| # Area Planted     | 60000 | 60  | 6    | 60  | 57  | 57  | (HEC   |
|                    |       | 000 | 0000 | 000 | 000 | 000 | TARES) |
+--------------------+-------+-----+------+-----+-----+-----+--------+
| **Area Harvested** | 58000 | 58  | 5    | 58  | 56  | 56  | (HEC   |
|                    |       | 000 | 8000 | 000 | 000 | 000 | TARES) |
+--------------------+-------+-----+------+-----+-----+-----+--------+
| **Bearing Trees**  | 20000 | 20  | 2    | 20  | 20  | 20  | (1000  |
|                    |       | 000 | 0000 | 000 | 000 | 000 | TREES) |
+--------------------+-------+-----+------+-----+-----+-----+--------+
| **Non-Bearing      | 3000  | 3   | 3000 | 3   | 3   | 3   | (1000  |
| Trees**            |       | 000 |      | 000 | 000 | 000 | TREES) |
+--------------------+-------+-----+------+-----+-----+-----+--------+
| **TOTAL No. Of     | 23000 | 23  | 2    | 23  | 23  | 23  | (1000  |
| Trees**            |       | 000 | 3000 | 000 | 000 | 000 | TREES) |
+--------------------+-------+-----+------+-----+-----+-----+--------+
| **Production**     | 750   | 750 | 770  | 770 | 720 | 700 | (1000  |
|                    |       |     |      |     |     |     | MT)    |
+--------------------+-------+-----+------+-----+-----+-----+--------+
| **Imports**        | 0     | 0   | 0    | 0   | 0   | 0   | (1000  |
|                    |       |     |      |     |     |     | MT)    |
+--------------------+-------+-----+------+-----+-----+-----+--------+
| **TOTAL SUPPLY**   | 750   | 750 | 770  | 770 | 720 | 700 | (1000  |
|                    |       |     |      |     |     |     | MT)    |
+--------------------+-------+-----+------+-----+-----+-----+--------+
| **Exports**        | 135   | 135 | 150  | 150 | 140 | 130 | (1000  |
|                    |       |     |      |     |     |     | MT)    |
+--------------------+-------+-----+------+-----+-----+-----+--------+
| **Fresh Dom.       | 455   | 455 | 450  | 450 | 430 | 420 | (1000  |
| Consumption**      |       |     |      |     |     |     | MT)    |
+--------------------+-------+-----+------+-----+-----+-----+--------+
| **Processing**     | 160   | 160 | 170  | 170 | 150 | 150 | (1000  |
|                    |       |     |      |     |     |     | MT)    |
+--------------------+-------+-----+------+-----+-----+-----+--------+
| **TOTAL            | 750   | 750 | 770  | 770 | 720 | 700 | (1000  |
| DISTRIBUTION**     |       |     |      |     |     |     | MT)    |
+--------------------+-------+-----+------+-----+-----+-----+--------+

+-------------------+-------+-----+------+-----+-----+-----+-------+
| **PSD Table**     |       |     |      |     |     |     |       |
+-------------------+-------+-----+------+-----+-----+-----+-------+
| **Country**       | **A   |     |      |     |     |     |       |
|                   | rgent |     |      |     |     |     |       |
|                   | ina** |     |      |     |     |     |       |
+-------------------+-------+-----+------+-----+-----+-----+-------+
| **Commodity**     | **T   |     |      |     | **  |     |       |
|                   | anger |     |      |     | (HE |     |       |
|                   | ines, |     |      |     | CTA |     |       |
|                   | Fr    |     |      |     | RES |     |       |
|                   | esh** |     |      |     | )(1 |     |       |
|                   |       |     |      |     | 000 |     |       |
|                   |       |     |      |     | TR  |     |       |
|                   |       |     |      |     | EES |     |       |
|                   |       |     |      |     | )(1 |     |       |
|                   |       |     |      |     | 000 |     |       |
|                   |       |     |      |     | MT  |     |       |
|                   |       |     |      |     | )** |     |       |
+-------------------+-------+-----+------+-----+-----+-----+-------+
|                   | **2   | **  | **20 | **E | **  | **F | **    |
|                   | 003** | Rev | 04** | sti | 200 | ore | UOM** |
|                   |       | ise |      | mat | 5** | cas |       |
|                   |       | d** |      | e** |     | t** |       |
+-------------------+-------+-----+------+-----+-----+-----+-------+
|                   | *     | **P | **   | **P | **U | **P |       |
|                   | *USDA | ost | USDA | ost | SDA | ost |       |
|                   | Off   | Es  | Offi | Es  | Of  | Es  |       |
|                   | icial | tim | cial | tim | fic | tim |       |
|                   | \[Ol  | ate | \    | ate | ial | ate |       |
|                   | d\]** | \[N | [Old | \[N | \[O | \[N |       |
|                   |       | ew\ | \]** | ew\ | ld\ | ew\ |       |
|                   |       | ]** |      | ]** | ]** | ]** |       |
+-------------------+-------+-----+------+-----+-----+-----+-------+
| **Market Year     |       | **  |      | **  |     | **  | *     |
| Begin**           |       | 01/ |      | 01/ |     | 01/ | *MM/Y |
|                   |       | 200 |      | 200 |     | 200 | YYY** |
|                   |       | 4** |      | 5** |     | 6** |       |
+-------------------+-------+-----+------+-----+-----+-----+-------+
| # Area Planted    | 38000 | 38  | 3    | 38  | 36  | 36  | (HECT |
|                   |       | 000 | 8000 | 000 | 500 | 500 | ARES) |
+-------------------+-------+-----+------+-----+-----+-----+-------+
| **Area            | 33000 | 33  | 3    | 33  | 33  | 33  | (HECT |
| Harvested**       |       | 000 | 3000 | 000 | 000 | 000 | ARES) |
+-------------------+-------+-----+------+-----+-----+-----+-------+
| **Bearing Trees** | 14000 | 14  | 1    | 14  | 14  | 14  | (1000 |
|                   |       | 000 | 4000 | 000 | 000 | 000 | T     |
|                   |       |     |      |     |     |     | REES) |
+-------------------+-------+-----+------+-----+-----+-----+-------+
| **Non-Bearing     | 1000  | 1   | 1000 | 1   | 1   | 1   | (1000 |
| Trees**           |       | 000 |      | 000 | 000 | 000 | T     |
|                   |       |     |      |     |     |     | REES) |
+-------------------+-------+-----+------+-----+-----+-----+-------+
| **TOTAL No. Of    | 15000 | 15  | 1    | 15  | 15  | 15  | (1000 |
| Trees**           |       | 000 | 5000 | 000 | 000 | 000 | T     |
|                   |       |     |      |     |     |     | REES) |
+-------------------+-------+-----+------+-----+-----+-----+-------+
| **Production**    | 420   | 420 | 430  | 430 | 400 | 380 | (1000 |
|                   |       |     |      |     |     |     | MT)   |
+-------------------+-------+-----+------+-----+-----+-----+-------+
| **Imports**       | 0     | 0   | 0    | 0   | 0   | 0   | (1000 |
|                   |       |     |      |     |     |     | MT)   |
+-------------------+-------+-----+------+-----+-----+-----+-------+
| **TOTAL SUPPLY**  | 420   | 420 | 430  | 430 | 400 | 380 | (1000 |
|                   |       |     |      |     |     |     | MT)   |
+-------------------+-------+-----+------+-----+-----+-----+-------+
| **Exports**       | 67    | 67  | 75   | 75  | 80  | 60  | (1000 |
|                   |       |     |      |     |     |     | MT)   |
+-------------------+-------+-----+------+-----+-----+-----+-------+
| **Fresh Dom.      | 310   | 310 | 310  | 310 | 290 | 270 | (1000 |
| Consumption**     |       |     |      |     |     |     | MT)   |
+-------------------+-------+-----+------+-----+-----+-----+-------+
| **Processing**    | 43    | 43  | 45   | 45  | 30  | 50  | (1000 |
|                   |       |     |      |     |     |     | MT)   |
+-------------------+-------+-----+------+-----+-----+-----+-------+
| **TOTAL           | 420   | 420 | 430  | 430 | 400 | 380 | (1000 |
| DISTRIBUTION**    |       |     |      |     |     |     | MT)   |
+-------------------+-------+-----+------+-----+-----+-----+-------+

  -------------------- --------------- ------------------- ----------- ------------------- ------------------- ------------------- ------------
  **PSD Table**                                                                                                                    

  **Country**          **Argentina**                                                                                               

  **Commodity**        **Grapefruit,                                                       **(HECTARES)(1000                       
                       Fresh**                                                             TREES)(1000 MT)**                       

                       **2003**        **Revised**         **2004**    **Estimate**        **2005**            **Forecast**        **UOM**

                       **USDA Official **Post              **USDA      **Post              **USDA Official     **Post              
                       \[Old\]**       Estimate\[New\]**   Official    Estimate\[New\]**   \[Old\]**           Estimate\[New\]**   
                                                           \[Old\]**                                                               

  **Market Year                        01/2004                         01/2005                                 01/2006             MM/YYYY
  Begin**                                                                                                                          

  **Area Planted**     13000           13000               13000       13000               12400               12400               (HECTARES)

  **Area Harvested**   12000           12000               12000       12000               12000               12000               (HECTARES)

  **Bearing Trees**    3000            3000                3000        3000                3000                3000                (1000 TREES)

  **Non-Bearing        100             100                 100         100                 100                 100                 (1000 TREES)
  Trees**                                                                                                                          

  **TOTAL No. Of       3100            3100                3100        3100                3100                3100                (1000 TREES)
  Trees**                                                                                                                          

  **Production**       160             160                 170         170                 150                 150                 (1000 MT)

  **Imports**          0               0                   0           0                   0                   0                   (1000 MT)

  **TOTAL SUPPLY**     160             160                 170         170                 150                 150                 (1000 MT)

  **Exports**          30              30                  37          37                  40                  40                  (1000 MT)

  **Fresh Dom.         55              55                  43          43                  40                  40                  (1000 MT)
  Consumption**                                                                                                                    

  **Processing**       75              75                  90          90                  70                  70                  (1000 MT)

  **TOTAL              160             160                 170         170                 150                 150                 (1000 MT)
  DISTRIBUTION**                                                                                                                   
  -------------------- --------------- ------------------- ----------- ------------------- ------------------- ------------------- ------------