Bean and rice imports to Mexico hit all-time high

Published 2024년 12월 12일

Tridge summary

Mexico has seen a significant increase in grain imports, including yellow corn, wheat, rice, and beans, with the latter two reaching record levels. The country depends on imports for approximately 65% of its total grain consumption, as it only produces 35%. This reliance on international markets is causing concern for food security. Specifically, yellow corn imports exceeded 65% of the market demand, and wheat imports accounted for 69% of national consumption in October. Additionally, rice and bean imports hit record highs at 320 thousand tons and 959 thousand tons, respectively. The Agricultural Markets Consulting Group reported a 26% decrease in grain and oilseed production and a subsequent 35% drop in exports from January to October 2024, compared to the same period in 2023. Conversely, imports have risen by 17%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(By Planeta Arroz) Imports of grains such as yellow corn, wheat, rice and beans from Mexico have increased, with the latter two reaching record levels, according to the Agricultural Markets Consulting Group (GCMA). Mexico has had to import around 65% of its total consumption, since it produces only 35% of the grains it needs, the consultancy explained. “This reflects a strong dependence on international imports, a situation that threatens our food security,” it said. Until last October, imports of yellow corn represented more than 65% of the total demand on the Mexican market. In the case of wheat, in that month, purchases made from other countries represented 69% of total national consumption. Meanwhile, imports of rice and beans reached historic ...

Source: Planetaarroz