Uruguay: Oilseeds and Products Annual
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Post reduces estimated 2020/2021 soybean production to 2.125 million tons on dry conditions in February and early March, resulting in reduced exports of 1.97 million tons. Post projects 2021/2022 soybean production at 3.125 million tons on increased acreage returning to production thanks to higher prices and a return to trend for yield, resulting in exports of 2.9 million tons. The government of Uruguay is considering eliminating its 5% biodiesel blend mandate, but this measure requires congressional approval and is unlikely to affect domestic demand in 2020/2021.
