Mexico: Oilseeds and Products Annual
The Post New marketing year (MY) 2016/17 total Mexican oilseed production forecast increased to 505,000 metric tons (MT) based on favorable weather conditions and a slight increase in harvested area. The Government of Mexico continues to try and stimulate domestic soybean production through various support programs geared toward growers. Domestic oilseed production represents only 8 percent of total domestic consumption. Due to proximity, U.S. oilseed suppliers should continue to remain price competitive. Soybeans continue to be the primary import that is crushed domestically. For MY 2016/17, soybean imports are forecasted at 4 MMT. The United States should continue to be Mexico’s main soybean supplier.
