# EXCLUSIVE: EXCLUSIVE Mexico to proceed with GMO corn ban, seeks international grain deals -official | Reuters

> Mexico's deputy agriculture minister told Reuters the country will not amend its 2024 ban on genetically modified corn and is considering direct deals with farmers in the US, Argentina and Brazil for non-GMO yellow corn. He said Mexico aims to halve its US yellow corn imports, used mainly for livestock feed, by the ban's start.

- Date: 2022-10-27 · published 2022-10-27T12:00:00.000Z
- Category: trade · region Mexico · magnitude high
- Page: https://feedsoft.ai/events/39106-exclusive-exclusive-mexico-to-proceed-with-gmo-corn-ban-seeks-international
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Halving Mexico's roughly 17 million tonnes of annual US corn imports would remove a major export outlet and add supply pressure on US corn, while Mexican buyers shift to South American non-GMO sources, supporting Brazilian and Argentine corn.

## Read by commodity

- CORN: bearish ▼
- DDGS: 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 | 2023-05-16 | [As Mexico Continues to Look at GM Corn Ban, Here’s Some Reactions to Keep in Mind - Seed World](https://feedsoft.ai/events/35910-as-mexico-continues-to-look-at-gm-corn-ban-here-s-some-reactions-to-keep-in.md) | +0.5% | -0.2% |
| CORN | 2023-03-06 | [U.S. demands formal talks with Mexico over GMO corn dispute](https://feedsoft.ai/events/36834-u-s-demands-formal-talks-with-mexico-over-gmo-corn-dispute.md) | -1.2% | +1.1% |
| CORN | 2023-04-20 | [National Corn Growers want a formal dispute on Mexico's corn ban - Brownfield Ag News](https://feedsoft.ai/events/36385-national-corn-growers-want-a-formal-dispute-on-mexico-s-corn-ban-brownfield-ag.md) | -1.0% | -9.9% |
| CORN | 2024-06-01 | [Impacts of Mexico’s Proposed GMO Ban for US and Global Corn Trade](https://feedsoft.ai/events/30210-impacts-of-mexico-s-proposed-gmo-ban-for-us-and-global-corn-trade.md) | -1.6% | -6.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/exclusive-mexico-proceed-with-gmo-corn-ban-seeks-international-grain-deals-2022-10-27/

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