Mexican grain imports fell in value but increased in volume until August

Published 2024년 10월 3일

Tridge summary

The Agricultural Markets Consulting Group (GCMA) has reported a 7.3% decrease in the value of Mexico's grain and oilseed imports, amounting to $10,742 million from January to August, despite a 19.4% increase in volume to 31.6 million tons. This increase in volume is largely due to a rise in livestock sector purchases of corn, soybeans, and wheat. However, the value of wheat imports fell by 14.4%, the highest decrease among these key livestock inputs, while the price of corn, the most imported grain, fell by 11.1%. The United States was the primary supplier of these grains, contributing almost 83% of total imports.

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Original content

The Agricultural Markets Consulting Group (GCMA) reported that until August, Mexican imports of grains and oilseeds registered a contraction in their value of 7.3%, amounting to a total expenditure of 10,742 million dollars. This occurred despite the fact that in terms of the volume acquired, there was a rise of 19.4% compared to the first eight months of the previous year, reaching 31.6 million tons, grouping corn, beans, rice, soybeans, wheat, oats, barley and malt. YOU MAY BE INTERESTED IN: Possible strike in US ports threatens its international agri-food trade This result was driven by an increase in international purchases of raw materials relevant to the livestock sector, that is, corn, soybeans and wheat. Corn experienced the most pronounced year-on-year rise in terms of imported tonnage, of 26.9%, to stand at 16.1 mt.; The price showed the opposite behavior, being 11.1% lower, remaining at 3,575.6 million dollars. The volume of wheat imported from abroad totaled 3.9 ...

Source: Ganaderia