Mexico: Oilseeds and Products Annual

Oilseed production is expected to rebound in marketing year (MY) 2021/22, as high international prices should encourage farmers to increase their soybean planted area. However, the elimination of federal commercialization support programs for medium and large oilseeds growers continues to generate uncertainty regarding planting intentions for the upcoming year. Mexico’s oilseed crushing is forecast to increase with the expected economic recovery after the severe economic turmoil of the COVID-19 pandemic. The poultry and livestock sectors are expected to continue their modest growth into 2021, increasing demand for oilseed meals used in feed.