# Uncertainty surrounds Mexico’s decree banning GM corn | World Grain

> Uncertainty persists over whether Mexico will enforce its decree banning GM corn, which calls for phasing out GM corn and glyphosate by January 2024. US and trade groups continue talks with Mexican leaders, and US Agriculture Secretary Vilsack has warned of higher food costs. Mexico imports about 17 million tonnes of GM corn annually, mainly from the US.

- Date: 2022-08-26 · published 2022-08-26T12:00:00.000Z
- Category: policy · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/40006-uncertainty-surrounds-mexico-s-decree-banning-gm-corn-world-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A enforced ban would remove a large export outlet for US corn, bearish US corn prices and bullish Mexican import costs, though the outcome remains unresolved.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-09-09 | [Near breaking point on Mexico’s GM corn ban](https://feedsoft.ai/events/39582-near-breaking-point-on-mexico-s-gm-corn-ban.md) | +1.1% | -0.1% |
| CORN | 2021-02-04 | [Mexico’s GM corn ban would hit U.S. hard \| The Western Producer](https://feedsoft.ai/events/48617-mexico-s-gm-corn-ban-would-hit-u-s-hard-the-western-producer.md) | -3.1% | -3.9% |
| CORN | 2023-02-14 | [Mexico’s President Issues New Decree Prohibiting GM Corn Amid Ongoing Dispute With US](https://feedsoft.ai/events/37300-mexico-s-president-issues-new-decree-prohibiting-gm-corn-amid-ongoing-dispute.md) | -0.8% | -5.8% |
| CORN | 2021-07-26 | [Winners and losers in Mexico's GM corn ban - Alliance for Science](https://feedsoft.ai/events/46047-winners-and-losers-in-mexico-s-gm-corn-ban-alliance-for-science.md) | -0.5% | -2.0% |
| CORN | 2022-09-26 | [U.S. farmers urge Washington to challenge Mexico's looming ban on GM corn](https://feedsoft.ai/events/39578-u-s-farmers-urge-washington-to-challenge-mexico-s-looming-ban-on-gm-corn.md) | -1.4% | +2.6% |

## Sources

- tridge.com: https://www.tridge.com/news/uncertainty-surrounds-mexican-decree-banning-gmos
- world-grain.com: https://www.world-grain.com/articles/17382-uncertainty-surrounds-mexicos-decree-banning-gm-corn

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