# Mexico: Government established guaranteed prices for five agricultural products - Global Trade Alert

> On January 18, 2019, the Mexican government announced a Guaranteed Prices Programme setting support prices for maize, beans, bread wheat, rice and milk. The program runs until December 31, 2019.

- Date: 2019-01-18 · published 2019-01-18T12:00:00.000Z
- Category: policy · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/61061-mexico-government-established-guaranteed-prices-for-five-agricultural-products
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Guaranteed prices above market levels could boost Mexican domestic corn output and state purchases, reducing import demand for US corn and wheat and adding to price pressure in those markets.

## Read by commodity

- CORN: bearish ▼
- RICE: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-12-15 | [The Government reduces export duties on some agro-industrial products to zero](https://feedsoft.ai/events/14068-the-government-reduces-export-duties-on-some-agro-industrial-products-to-zero.md) | -3.5% | +1.2% |
| CORN | 2024-07-11 | [Corn Was King: The Transition to Soy in U.S. Production Agriculture - Center for Commercial Agriculture](https://feedsoft.ai/events/15197-corn-was-king-the-transition-to-soy-in-u-s-production-agriculture-center-for.md) | -0.9% | -1.6% |
| CORN | 2024-10-01 | [Trade Policy Shifts and Their Potential Implications for U.S. Agricultural Exports](https://feedsoft.ai/events/14723-trade-policy-shifts-and-their-potential-implications-for-u-s-agricultural.md) | +0.2% | -2.4% |
| CORN | 2022-02-09 | [Activists push for Mexico’s GM corn ban to include imports \| Agriculture News \| Al Jazeera](https://feedsoft.ai/events/42667-activists-push-for-mexico-s-gm-corn-ban-to-include-imports-agriculture-news-al.md) | +0.5% | +15.2% |
| CORN | 2017-02-13 | [Unsettling China, Mexico trade ideas - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/72356-unsettling-china-mexico-trade-ideas-agweek-1-source-for-agriculture-news.md) | -1.1% | -2.6% |
| WHEAT | 2021-12-15 | [The Government reduces export duties on some agro-industrial products to zero](https://feedsoft.ai/events/14068-the-government-reduces-export-duties-on-some-agro-industrial-products-to-zero.md) | +4.2% | +7.4% |
| WHEAT | 2023-01-26 | [India to release 3 mil mt wheat from government stocks to rein in prices \| S&P Global](https://feedsoft.ai/events/37760-india-to-release-3-mil-mt-wheat-from-government-stocks-to-rein-in-prices-s-and.md) | +3.7% | +2.0% |
| WHEAT | 2017-02-13 | [Unsettling China, Mexico trade ideas - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/72356-unsettling-china-mexico-trade-ideas-agweek-1-source-for-agriculture-news.md) | -1.1% | -1.8% |

## Sources

- globaltradealert.org: https://globaltradealert.org/state-act/36397-mexico-government-established-guaranteed-prices-for-five-agricultural-products/

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