News

Mexico increases corn imports

Maize (Corn)
Published Feb 24, 2024

Tridge summary

Mexico is projected to import between 14 and 16 million tons of yellow corn in 2024 due to drought, as stated by Agriculture Minister Victor Villalobos. While the country is self-sufficient in white corn, it relies heavily on imports of yellow corn, mainly from the US. Despite suggestions to limit genetically modified corn imports, Mexico continues to be the largest US corn purchaser. The US Department of Agriculture has lowered its prediction for Mexico's 2023-24 corn production to 25.5 million tons due to dry conditions. Additionally, the US has raised a dispute under the United States-Mexico-Canada Agreement, alleging that Mexico's ban on genetically modified corn infringes free trade.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The drought will force Mexico to import between 14 and 16 million tons of yellow corn in 2024, the country's Agriculture Minister Victor Villalobos said. More on the topic: Tough days for grain markets He said imports are in line with annual averages, but declined to give a figure for Mexican corn production. Production in the southeastern part of the country will help make up for the shortage of Chihuahuas caused by the drought. It doesn't matter if the farmers feed the cattle white corn or yellow corn. As of mid-January, U.S. government data showed Mexico planned to import a record 15.3 million tons of corn for the 2023-24 season, a figure that would exceed by about 20 percent the previous record for imports at this point in the season set by two years earlier. The country is self-sufficient in the production of white corn, but imports large quantities of yellow corn, mostly from the United States. Accounting for almost half of US corn sales, Mexico remains the largest buyer ...
Source: Agri
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