# Mexico plans to phase out GMO corn by 2024 - Texas Farm Bureau

> Mexico is set to phase out GM corn for human consumption by early 2024 under a draft decree, which would also phase out GMO corn imports. The Mexican farm council says the restriction disadvantages its farmers, while importing US GM grain is essential for many agrifood products. Mexico was the largest importer of US-grown corn in the 2018/19 marketing year.

- Date: 2021-01-26 · published 2021-01-26T12:00:00.000Z
- Category: policy · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/49130-mexico-plans-to-phase-out-gmo-corn-by-2024-texas-farm-bureau
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Phasing out GMO corn imports would reduce a major outlet for US corn, weighing on CORN export prices. Mexico's import dependence means the policy's final scope will matter for price direction.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-01-05 | [Mexico bans GMO corn, plans to phase out imports \| Feed Strategy](https://feedsoft.ai/events/49126-mexico-bans-gmo-corn-plans-to-phase-out-imports-feed-strategy.md) | +3.1% | +14.6% |
| CORN | 2021-01-20 | [Mexican GMO corn phase-out a concern for US farmers - Brownfield Ag News](https://feedsoft.ai/events/49125-mexican-gmo-corn-phase-out-a-concern-for-us-farmers-brownfield-ag-news.md) | +3.1% | +2.1% |
| 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 | 2021-03-02 | [Mexico To Phaseout GM Corn Imports And Glyphosate Use - SAIFood](https://feedsoft.ai/events/48118-mexico-to-phaseout-gm-corn-imports-and-glyphosate-use-saifood.md) | +6.1% | +5.5% |
| CORN | 2019-01-15 | [Bold farm plans in Mexico offer a ray of hope in 2019 \| IATP](https://feedsoft.ai/events/61059-bold-farm-plans-in-mexico-offer-a-ray-of-hope-in-2019-iatp.md) | +0.5% | +0.8% |

## Sources

- texasfarmbureau.org: https://texasfarmbureau.org/mexico-plans-to-phase-out-gmo-corn-by-2024/

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