# US ‘satisfied’ with postponement of GM corn ban, officials say

> Mexican Agriculture Minister Victor Villalobos said the US government considered Mexico's decision to postpone its planned ban on GM corn purchases until 2025 satisfactory. Mexico plans to submit a proposal for discussion in the second half of January 2023. The decree would phase out GM corn and glyphosate imports by 2024.

- Date: 2022-12-23 · published 2022-12-23T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/38228-us-satisfied-with-postponement-of-gm-corn-ban-officials-say
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Delaying the ban removes near-term risk to US corn export volumes to Mexico, which takes about 17 million tonnes a year. The matter is still unresolved, so the price risk is delayed rather than removed.

## Read by commodity

- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-11-29 | [Mexico's planned GM corn ban 'deep concern' for US](https://feedsoft.ai/events/38655-mexico-s-planned-gm-corn-ban-deep-concern-for-us.md) | -3.8% | +0.6% |
| CORN | 2022-12-16 | [Mexico says it aims for agreement with U.S. on GM corn in January \| Reuters](https://feedsoft.ai/events/38226-mexico-says-it-aims-for-agreement-with-u-s-on-gm-corn-in-january-reuters.md) | +0.7% | +3.0% |
| CORN | 2024-08-19 | [US Flails in GM Corn Dispute with Mexico \| Inter Press Service](https://feedsoft.ai/events/28743-us-flails-in-gm-corn-dispute-with-mexico-inter-press-service.md) | -0.7% | +4.1% |
| CORN | 2017-11-03 | [Feed barley marches 'lockstep' with U.S. corn - Grainews](https://feedsoft.ai/events/68063-feed-barley-marches-lockstep-with-u-s-corn-grainews.md) | -5.1% | -4.6% |
| CORN | 2022-12-16 | [Joint Statement from Secretary Vilsack and Ambassador Tai after Meeting with Mexican Government Officials](https://feedsoft.ai/events/38225-joint-statement-from-secretary-vilsack-and-ambassador-tai-after-meeting-with.md) | +0.7% | +3.0% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/us-satisfied-with-postponement-of-gm-corn-ban-officials-say/

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