Until November, Mexico imported almost 40 million tons of grains and oilseeds, the US is our main supplier

Published 2024년 1월 2일

Tridge summary

Mexican imports of grains and oilseeds decreased in value by 3% but increased in volume by 8.8% in the first 11 months of the year, totaling 37.4 million tons including various grains. Corn imports for livestock supply increased by nearly 14%. Corn had the most significant increase in imported tonnage at 16.9%, reaching 18.2 million tons, with the United States being the main supplier. Wheat imports totaled 5.2 million tons after a 6.2% increase, while soybean purchases showed both a decrease in tonnage and final cost.

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

Original content

The Agricultural Market Consulting Group (GCMA) reported that until November, Mexican imports of grains and oilseeds registered a contraction in value of 3%, amounting to a total expenditure of 15,624 million dollars. In contrast, the volume acquired reflected an increase of 8.8% compared to the same 11 months of 2022, reaching 37.4 million tons, which includes corn, wheat, sorghum, soybeans, soybean paste, soybean oil, oils. various (palm, canola, sunflower), canola, rice, beans, distillers grains or DDG's, oats, barley and malt. Almost 14% more corn imports are required for livestock supply Reviewing the relevant grains for the livestock segment, corn had the most pronounced interannual increase in terms of imported tonnage, of 16.9%, to remain at 18.2 mt.; The price presented a similar behavior, being 7.6% higher, up to 5,366 million dollars. With this result, a new record was recorded in purchases abroad, with the United States, Brazil, South Africa, Canada and Argentina being ...

Source: Ganaderia