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Mexico's decree banning GM corn for human consumption by 2024 could bring negative consequences, according to agriculture officials and trade groups. A March World Perspectives report estimates the ban could add $4.4 billion to Mexico's corn import costs.
MAIZALL says non-GM corn is unlikely to be available in sufficient volumes by 2024.
Higher costs and tight non-GM supply may shift Mexican demand, adding uncertainty to US corn export flows that are bearish if the ban proceeds.
foodbusinessmea.comEditor AfricaAug 29, 2022After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
