Mexico: Oilseeds and Products Annual
The Post New MY 2015/16 total Mexican oilseed production forecast decreased slightly to 482,000 metric tons (MT) based on a slight decrease in harvested area. The Government of Mexico continues to try and stimulated domestic soybean production through various support programs geared toward growers. Domestic oilseed production represents only 7.7 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 2015/16, soybean imports are expected to increase by 50,000 MT to 4 MMT. The U.S. should continue to be Mexico’s main supplier of soybeans.
Mexico: Oilseeds and Products Annual