Loading…
Mexico's Official Gazette-related decree, released on CONAMER's website, confirms a phase-out of glyphosate use over four years and of GMO corn for human consumption by 2024. An organic producers' group welcomed the proposal but asked for a glyphosate-free label.
This is a follow-up to the earlier draft on the same proposal, reinforcing the expected long-run decline in Mexican demand for GE corn for food use. The near-term price impact is modest because it mainly concerns food uses and the phase-out runs to 2024.
sustainablepulse.comAbout the Author Sustainable PulseDec 18, 2020After 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.
