World Grain - August 2018 - 25
Uruguay exported 1.014 million tonnes of rice to over 50
markets, the attaché said.
"Brazil was the No. 1 market for Uruguayan rice, followed by Peru, Mexico and Iraq," the report said.
SOYBEAN EXPORTS INCREASE
Agreeing with the IGC, the attaché's annual report on the
oilseeds sector put 2018-19 soybean production at 3 million tonnes, up from 1.7 million the year before. Soybean
exports are expected to rise to 2.9 million tonnes in 201819, up from 1.63 million the year before.
The soybean crush is expected to rise to 80,000 tonnes in
2018-19, up from 60,000 the year before, as a result of the
"Soybean crush is not expected to grow in any significant way as the country's primary biodiesel blender,
Alcohols of Uruguay (Alur in Spanish), plans to utilize
more canola as a feedstock for its operations," the attaché said. "Alur recently announced plans to increase its
canola demand by providing attractive price contracts to
The attaché's local contacts put the canola (rapeseed)
area at around 30,000 to 40,000 hectares.
More than 90% of Uruguay's soybean complex exports
are in the form of soybeans.
"Prospects are low that Uruguay will expand the processing of soybeans for domestic use and exports, due to high
upstart and operating costs of crush operations," the report
said. "China encompasses the majority of Uruguay's export market share with over 82%. Other major destinations
include the European Union (5%) and markets in North Africa and Southeast Asia."
The report also noted that Argentina has become a sigQL¿FDQWLPSRUWHURIVR\EHDQVIURP8UXJXD\XVLQJWKHDGditional supplies to increase utilization of excess crush capacity.
"Uruguay's soybean varieties are all derived from biotechnology," the attaché's annual report said. "The rapid
and successful adaptation of this technology has contributed to higher yields which have increased on average by
5% per annum."
Chris Lyddon is World Grain's European correspondent.
He may be contacted at: email@example.com.
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www.World-Grain.com / World Grain / August 2018