# Mexico pressing ahead with GMO corn, glyphosate bans, says key official | Reuters

> Mexico says it will proceed with plans to replace about 16 million tonnes of yellow corn imports, mostly genetically modified and mostly from U.S. farmers, with domestic production by 2024. Those imports make up more than a third of Mexico's corn demand and mainly feed its livestock industry.

- Date: 2021-02-19 · published 2021-02-19T12:00:00.000Z
- Category: policy · region Mexico · magnitude high
- Page: https://feedsoft.ai/events/48618-mexico-pressing-ahead-with-gmo-corn-glyphosate-bans-says-key-official-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Sustained government commitment to cut GM corn imports threatens a major U.S. feed-corn outlet, which is bearish for U.S. corn prices and export basis.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-01-15 | [Bans on GMO corn, glyphosate in Mexico would shrink food supplies, industry says \| Reuters](https://feedsoft.ai/events/49129-bans-on-gmo-corn-glyphosate-in-mexico-would-shrink-food-supplies-industry-says.md) | -0.1% | +3.6% |
| CORN | 2021-06-11 | [Mexico stalling GMO corn permits ahead of ban, says top farm lobby](https://feedsoft.ai/events/46585-mexico-stalling-gmo-corn-permits-ahead-of-ban-says-top-farm-lobby.md) | -6.1% | -4.6% |
| CORN | 2021-02-16 | [Revealed: Monsanto owner and US officials pressured Mexico to drop glyphosate ban \| Monsanto \| The Guardian](https://feedsoft.ai/events/48620-revealed-monsanto-owner-and-us-officials-pressured-mexico-to-drop-glyphosate.md) | +1.5% | -3.8% |
| CORN | 2021-07-27 | [Mexico Court Upholds Presidential Decree to Ban Glyphosate, GMOs  - AgriBusiness Global](https://feedsoft.ai/events/46041-mexico-court-upholds-presidential-decree-to-ban-glyphosate-gmos-agribusiness.md) | +1.1% | -1.8% |
| CORN | 2020-12-15 | [Mexico proposes ban on glyphosate and GE corn - Brownfield Ag News](https://feedsoft.ai/events/49604-mexico-proposes-ban-on-glyphosate-and-ge-corn-brownfield-ag-news.md) | -1.7% | +15.6% |

## Sources

- reuters.com: https://www.reuters.com/business/environment/mexico-pressing-ahead-with-gmo-corn-glyphosate-bans-says-key-official-2021-02-19/

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