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Mexico's economy minister Raquel Buenrostro said Mexico will make no further changes to its GMO corn decree ahead of a USMCA dispute panel requested by the US and Canada. Mexico says its ban on GMO corn for tortillas is science-based, while the US calls it unfounded.
Mexico imports about $5 billion of US corn annually, mostly yellow feed corn.
Mexico's refusal to ease the decree keeps trade uncertainty elevated, but feed-grade GMO corn remains exempt, so the direct price impact on yellow corn is limited for now.
non-gmoreport.comKendra Morrison2 oct 2023Tras 480 eventos neutral de comercio pasados, Maíz se movió una mediana de +0,2 % en 5 sesiones (54% al alza; mitad central entre -1,1 % y +1,6 %), y +0,7 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
