NCGA: Mexico is an important trade destination for U.S. corn
Mexico receives anywhere from 21% to 32% of U.S. corn exported annually in recent years and remains the top destination for U.S. corn. Total corn exports, however, are 4.9% behind the pace of last year.
Through May of the 2022/23 marketing year, corn exports to Mexico are at 12.3 million tons (MT), compared to 12.9 MT at this point last year. It is worth noting that the year-to-year comparison has caught up in recent months. For example, at the end of the first half of the 2022/23 marketing year U.S. corn exports were 13% lower than the first half of the 2021/22 marketing year.
The report noted that last year, Mexico sourced 97% of its corn imports from the U.S., and in the five years prior 95% per year, on average.
Brazil has been the source for around 5% of Mexico’s corn imports, on average, while several other nations round out the total. Brazil and other nations are also growing GM corn. Brazil reports GM seed was used on 95% of corn planted in the 2022/23 crop year, virtually the same as in the U.S.
Through May of the 2022/23 marketing year, the U.S. accounts for 85% of Mexico’s imports. For comparison, the U.S. accounted for 97% of Mexico’s imports at the same time in the 2021/22 marketing year.
NCGA is in close coordination with USTR and applauds the steps taken in the dispute settlement consultation process under USMCA, it noted in the report.
"NCGA believes that policies affecting the corn industry should be grounded in science and is committed to working with allied partners in supporting the efficacy, sustainability, and cost-savings that biotechnology provides," it said.