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Mexican Grain Imports Will Increase, says US

by 5m Editor
25 March 2008, at 11:38am

US - Mexico’s total imports for grain and feed are likely continue to increase in for 2008/09 period due mainly to the dynamic performance of its livestock sector, says the US Department of Agriculture.

Its latest FAS report says that high grain prices will likely encourage producers to expand production in sorghum and corn. Corn production is forecast at 22.750 million metric tons (MMT) for 2008/09, or one percent greater than the previous year, while sorghum production is estimated at 6.45 MMT, an increase of 150,000 MT.

Also, the first ethanol plant in Mexico is scheduled to open May 2008 and will use nearly 270,000 MT for production. That is also likely to have an impact on national crop markets, says FAS.

Dry bean production is forecast at 1.2 MMT while wheat production is forecast to increase slightly compared to the previous year. However, wheat exports are forecast to increase 16 percent due to record high international prices and low world stocks.

Rice production for MY 2008/09 is forecast to remain at the previous year’s estimated production of 185,000 MT.

Further Reading

More information - You can view the full report by clicking here.

5m Editor