Mexico's self-sufficiency index for grains and oilseeds fell by 2%

Grains, Cereal & Legumes

Mexico

Market & Price Trends

Published Feb 5, 2024

Tridge summary

Mexico's self-sufficiency index for grains and oilseeds fell to 53.1% in 2023, down from 55.4% the previous year, as reported by the Agricultural Market Consulting Group (GCMA). The country saw a 6.4% increase in imports of corn, wheat, sorghum, soybeans, rice, and beans, totaling 32.6 million tons, with corn imports reaching a record high of 19.7 million tons. Despite the increase in volume, the value of these imports decreased by 3.9% to $11,966 million due to a drop in cost per ton. National production of these commodities also declined by 2.2% to 36.6 million tons.

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 Agricultural Market Consulting Group (GCMA) reported that during the 12 months that made up 2023, the self-sufficiency index registered by Mexico in terms of grains and oilseeds was 53.1%, being lower than the 55.4% recorded at the end of the previous year. The figures reflected that in this period, imports of corn, wheat, sorghum, soybeans, rice and beans made by our country amounted to 32.6 million tons, which represented an interannual growth of 6.4%. The value of these purchases decreased 3.9%, reaching 11,966 million dollars, as a result of the decrease in the cost per ton of 20.3% compared to the same period in 2022, totaling 6,501 pesos per unit. YOU MAY BE INTERESTED: Comecarne urged to promote the production of GMO corn Corn imports, with a historical record Regarding imports of grains relevant to the livestock sector carried out in 2023, the consulting organization indicated that with 19.7 mt., corn purchases recorded a new historical record, while soybean purchases ...

Source: Ganaderia