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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.
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.
Uruguay’s beef exports for 2019 are forecast at a four year low of 415,000 tons carcass weight equivalent due to reduced slaughter inventory and loss of competitiveness in global markets....
Uruguayan wheat harvested area remains unchanged in marketing year (MY) 2018/19 with production forecast at 600,000 tons on average yields with exports of 100,000 tons rebounding to normal levels....
Post forecasts 2018/19 soybean area stable at 1.2 million hectares with yields averaging 2.5 tons per hectare expected to produce 3 million tons.