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Cottonseed, Meal Demand Forecast Higher for Mexico

The US Embassy in Mexico recently issued its outlook for oilseeds and oilseed products for Mexico. According to USDA-FAS analysis, consumption and imports of oilseeds products are expected to continue to increase, albeit at a slower pace in 2003/04 than in 2002/03, as “economic prospects augur a lower growth than previously expected.” Forecasters expect imports of protein meals to rise approximately 4.5 percent in 2003/04, fueled by the livestock industry's ongoing expansion. Total edible oil imports are projected to increase by 5 percent to reach 583,000 metric tons. Cottonseed production is forecast to increase, due to the expectation of federal government supports. For cottonseed meal, forecasters paint a rosy picture. Consumption figures for 2001/02 and 2002/03 have been revised upward, and 2003/04 imports are forecast to increase, due to expansion in the dairy industry. The demand for protein meals by the cattle industry should also rise. Cattlemen with medium and small sized herds are gradually increasing their herds, according to USDA.

Click here to access the Oilseeds & Products Annual Report for Mexico.