Mexico: Oilseeds and Products Annual

Mexico’s oilseed crush in marketing year (MY) 2024/25 is forecast to increase due to higher vegetable oil and animal feed demand. Forecast economic growth and lower interest rates are expected to drive production of oil and meal and increase Mexico’s soybean and rapeseed imports by four percent and seventeen percent, respectively. Oilseed producers are expected to increase planted based on expected average weather, compared to drier conditions the previous year.