Browse Data and Analysis

Uruguayan beef exports in 2025 are forecast to remain unchanged at 475,000 tons carcass weight equivalent (cwe). The final volume will depend on how active Chinese buyers are the remainder of the year and FOB prices. Exports to the United States are projected to remain high.

Uruguayan wheat production in marketing year (MY) 2024/2025 is forecast at 1.3 million tons, 260,000 tons lower than the previous crop season which saw record high yields. Wheat exports are projected down at 800,000 tons, 29 percent lower than the previous year.

Post forecasts Uruguay’s marketing year (MY) 2024/25 soybean up to 3.4 million metric tons (MMT) on increased soy acreage planting, driven by increased acreage in second or late crop soy due to producers fears of another dry year of La Niña weather pattern and potential disease threat to corn, preferring soy over corn.

Marketing year (MY) 2023/24 area harvested for Mali, Burkina Faso, and Senegal is expected to remain the same as the previous year at 1.23 million hectares (MHA), as increases in Mali and Senegal were offset by losses in Burkina Faso due to...

Uruguayan beef exports in 2024 are forecast slightly up at 467,000 tons carcass weight equivalent as a result of a projected larger beef output with a marginal increase in the domestic demand.

Mali, Burkina Faso, and Senegal area harvested for marketing year (MY) 2023/24 is forecast to remain the same as the previous year at 1.23 million hectares (MHA) based on good farm gate prices, governments’ input subsidies, and farmers’ debt cancellation by the Malian and Senegalese governments.

Post estimates marketing year (MY) 2022/2024 soybean production at 875,000 metric tons (MT), the lowest level in sixteen years due to a historic drought affecting Uruguay and neighboring Argentina. As a result, Post reduces MY 2022/23 exports to 850,000 MT.

Wheat production in marketing year (MY) 2023-2024 is forecast to remain flat at 1.2 million metric tons. Production will remain flat despite a larger harvested area as Post projects a return to trend from high yields in the previous season.

The Uruguayan beef and cattle industry is in very good economic condition. Strong foreign demand and very high export prices are benefiting all parts of the value chain with cow-calf and cattle finishing operations seeing strong, positive returns. 2023 cattle slaughter is projected at 2.56 million head, the third year in a row with high numbers.

Rice production in Senegal, Guinea, Burkina Faso, and Mali is forecast at 8.02 million metric tons (MMT) in MY 2022/23 on average weather, improved irrigation, and enhanced stability in production areas. The 15 percent jump from MY 2021/22 follows a growing season that was plagued by poor weather, militant activity and instability in Mali, and irrigation issues and pest prevalence in Senegal.

For marketing year (MY) 2022/23 Post projects continued expansion of soybean planted acreage to 1.225 million hectares (HA) and production of 2.8 million metric tons (MMT).

In marketing year (MY) 2022/2023 Post forecasts Uruguay to increase its wheat area somewhat, but production and exports would be marginally lower than in the past two marketing years due lower expected yield.