Mexico: Grain and Feed Update
Link to report:
Corn and wheat production forecasts remain unchanged in marketing year (MY) 2022/23. Due to unfavorable weather conditions and less planted area, the sorghum production estimate is revised downward from USDA/Official estimate for MY 2021/22. Rice production for MY 2021/22 is revised slightly upward to 263,000 metrics tons (MT) (rough production), the equivalent of 181,000 MT of milled rice, reflecting the preliminary final Secretariat of Agriculture and Rural Development (SADER) figures. Mexico’s rice imports from South American origins (mainly Brazil) have increased in MY 2022/23 due to more affordable prices and the Government of Mexico’s decision to temporarily exempt the payment of import duties on basic commodities, such as rice from South America.