# Mexico farm lobby blasts ban on GMO corn; organic growers welcome it

> Mexico issued a decree stating it will revoke and refrain from granting permits for the release of genetically modified corn seeds into the environment, and mandated the phase-out of GMO corn imports by 2024. Mexico's farm lobby criticized the ban, while organic growers welcomed it. The decree was issued on a Thursday evening, reported as of January 2.

- Date: 2021-01-02 · published 2021-01-02T12:00:00.000Z
- Category: policy · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/49131-mexico-farm-lobby-blasts-ban-on-gmo-corn-organic-growers-welcome-it
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A mandated phase-out of GMO corn imports threatens a major export market for US corn and is bearish for CORN. Opposition from Mexican farm groups suggests the rules could be softened, which limits the price impact.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-01-31 | [Ban on GMO corn in Mexico farm lobby blasts; Organic farmers welcome it](https://feedsoft.ai/events/43122-ban-on-gmo-corn-in-mexico-farm-lobby-blasts-organic-farmers-welcome-it.md) | +0.6% | +6.9% |
| 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 | 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% |
| CORN | 2022-03-29 | [Movement to ban GMO corn imports gains support in Mexico  \|  The Organic & Non-GMO Report](https://feedsoft.ai/events/42274-movement-to-ban-gmo-corn-imports-gains-support-in-mexico-the-organic-and-non.md) | +2.7% | +4.0% |
| CORN | 2020-10-07 | [Mexico plans to ban GM corn imports, stirring potential conflict with U.S. - The Organic & Non-GMO Report](https://feedsoft.ai/events/50621-mexico-plans-to-ban-gm-corn-imports-stirring-potential-conflict-with-u-s-the.md) | +2.0% | +6.5% |

## Sources

- reuters.com: https://www.reuters.com/business/environment/mexico-farm-lobby-blasts-ban-gmo-corn-organic-growers-welcome-it-2021-01-02/

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