Record import of grains and oilseeds in Mexico grew by 56.5% in value in 2021

Published 2022년 2월 14일

Tridge summary

In 2021, Mexico's dependence on basic food imports reached a new high, with a 56.5% increase in the value of grains and oilseeds imports, amounting to $15 billion and representing 38.7 million tons in volume. Corn and bean imports also hit record highs, with corn purchases increasing by 11.9% to 18 million tons and bean imports rising by 28.8% to 186 thousand tons. Wheat imports also increased by 10.2% to 5.4 million tons, while rice imports decreased by 20% to 900 thousand tons. Overall, Mexico's reliance on these imports is expected to persist, indicating a challenge for the government's self-sufficiency goals.

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

Original content

In terms of basic foods, Mexico has become more dependent and moves away from the goal of self-sufficiency that the government of the Fourth Transformation has proposed. And it is that in 2021 the value of imports of grains and oilseeds broke a new record, registering an increase of 56.5%, which meant an expense of 15 billion dollars (mdd) against the 9 billion dollars of the previous year. In volume, the import of these basic products represented 38.7 million tons, 10.8% more than in 2020, according to data from the Agricultural Markets Consulting Group (GCMA). Corn purchases abroad also reached a record by adding 18 million tons, an increase of 11.9%, compared to 2020 and the value of these increased by 79%, to reach 5 billion dollars, a third of the total imports of grains and oilseeds. Another staple food for Mexicans is beans, whose imports amounted to 186 thousand tons, 28.8% more than the 145 thousand the previous year. The cost of this import was 168 million dollars, 38.4% ...

Source: MXagronoticias