# Mexico to rework divisive decree on GM corn - minister

> Mexico's agriculture minister said the country will rework its GM corn decree after it drew criticism and threats of legal action from the United States. In November, US Agriculture Secretary Tom Vilsack said the US could consider steps under the USMCA trade pact. About 18% to 20% of the corn Mexico imports from the US is white corn used for food.

- Date: 2022-12-07 · published 2022-12-07T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/38227-mexico-to-rework-divisive-decree-on-gm-corn-minister
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The threatened USMCA challenge puts roughly 17 million tonnes of annual US corn imports at risk. A ban on GM corn would be bearish for US corn export demand and prices.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-08-22 | [Exclusive: Mexico says it won't modify decree on GM corn ahead of USMCA panel](https://feedsoft.ai/events/34538-exclusive-mexico-says-it-won-t-modify-decree-on-gm-corn-ahead-of-usmca-panel.md) | +1.6% | -9.0% |
| CORN | 2024-03-07 | [Mexico waiting on US proof that GM corn safe for its people, deputy ag minister says \| Reuters](https://feedsoft.ai/events/31177-mexico-waiting-on-us-proof-that-gm-corn-safe-for-its-people-deputy-ag-minister.md) | +1.4% | -1.8% |
| CORN | 2022-12-16 | [Revise GMO Corn Decree or Face U.S. Challenge, Vilsack Warns Mexico](https://feedsoft.ai/events/38232-revise-gmo-corn-decree-or-face-u-s-challenge-vilsack-warns-mexico.md) | +0.7% | +3.0% |
| CORN | 2023-06-02 | [Mexico to fight US dispute over GM corn after formal consultations fail \| Reuters](https://feedsoft.ai/events/35478-mexico-to-fight-us-dispute-over-gm-corn-after-formal-consultations-fail-reuters.md) | -1.5% | -3.9% |
| CORN | 2023-04-11 | [Mexico to study imported GM corn impact on tortillas \| World Grain](https://feedsoft.ai/events/36382-mexico-to-study-imported-gm-corn-impact-on-tortillas-world-grain.md) | +0.4% | +0.2% |

## Sources

- reuters.com: https://www.reuters.com/article/mexico-agriculture-corn-idAFL1N32X2RQ/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.