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- (-) Other Feeds, Meals & Fodders
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After hitting bottom during the previous season, Spain’s fodder production and exports are set to recover in MY 2024/25. A combination of higher area and yields are projected to bring fodder production to average levels.
For MY 2023/24, lower area and poor yields are expected to push production levels well below the previous year’s levels.
MY 2023/24 European Union oilseed production is forecast to increase by over four percent over the previous drought affected year.
FAS/Mexico expects slower growth in the vegetable oil and oil meal sectors in marketing year (MY) 2023/24 compared to recent years, given potential declines in consumer purchasing power, a forecast slowdown in Mexico’s economy, and persistent inflation.