LatinNews Regional Monitor: Brazil & Southern Cone - 23 January 2018

Uruguay: Uruguay’s official exports and investment promotion agency, Uruguay XXI, has released a new report noting that it expects that the country’s soya exports will fall by 16% this year. According to the report, the expected fall in soya exports will negatively impact overall export levels, which it projects will increase by only 1.5% this year, compared with the 10% year-on-year increase registered in 2017. The report bases its projections on the unlikelihood that the bumper 2016/2017 soya harvest of 3.3m tonnes will not be replicated in the 2017/2018 harvest cycle, as the probability is that the optimal climatic conditions observed during the 2016/2017 harvest will not be repeated.

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