Uruguay: Grain and Feed Annual

In marketing year (MY) 2022/2023 Post forecasts Uruguay to increase its wheat area somewhat, but production and exports would be marginally lower than in the past two marketing years due lower expected yield. Corn area and production in MY 2022/2023 are forecast to reach record highs, but Uruguay would still need to import significant volumes of corn, mainly broken corn from Argentina. Sorghum area, production and domestic consumption in MY 2022/2023 are expected to continue at very low levels and with minimum changes. Uruguayan sorghum is expected to be soon declared eligible into the Chinese market, but brokers do not expect this to significantly affect trade in the short term. Rice area and production in MY 2022/2023 are forecast to remain practically unchanged from MY 2021/2022. Rice exports are projected up at 900,000 tons, milled basis.