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Post forecasts marketing year (MY) 2024/25 production at 0.91 million 480-lb bales, basically flat compared to MY 2023/24 due to high input costs, drought conditions, power outages, and lack of access to new genetically engineered seed varieties.
In 2023, Mexico imported $51 billion of food ingredient products, of which 63 percent were sourced from the United States. Mexico’s food processing industry is the second largest in Latin America, behind Brazil, making Mexico a top destination for U.S. food ingredients.
Lower feed prices are expected to boost producer profits in 2024, thereby increasing domestic beef and pork production. Beef imports are forecast to decrease, and pork imports are expected to remain nearly flat.
The outlook for Mexican grain production in marketing year (MY) 2024/2025 is higher year-on-year for corn, wheat, rice, and sorghum based on farmer planting decisions on more average weather conditions and a gradual recovery from exceptional drought conditions.
Court injunctions against genetically engineered (GE) corn trials continue to affect Mexican producers and the scientific community, as field trails of GE corn are suspended.
On November 15, 2017, the Federal Commission for Regulatory Improvement (COFEMER) posted three draft regulations which would establish the physicochemical and microbiological....
During CY 2016, Mexico remained the second largest consumer market in Latin America (after Brazil).
Fresh orange and grapefruit production for marketing year (MY) 2017/18 are expected to have a slight decrease compared to (MY) 2016/17 production, while fresh lemon/lime production is expected....
In 2016 U.S. exports of agricultural products to Mexico reached US $18.7 billion ranking third behind China and Canada.
This report provides the latest information on export certificates issued by U.S. government agencies to comply with Mexican import standards and regulations.
Exports of agricultural and related products to Mexico reached USD $17.83 billion in 2016, a small increase of 0.78 percent compared to 2015.
On November 16, Mexico published three notices announcing incentive programs intended to address an oversupply of corn in certain parts of the country.