1/1
  • Condensed by Michelle Pelletier Marshall

Mexico increases corn imports from Brazil amid concern that NAFTA renegotiations will threaten U.S.

Brazilian corn exports to Mexico climbed to 583,000 metric tons in 2017 – a 970 percent jump over 2016 – an increase that has U.S. farmers, food processors, and grain traders working to protect the more than $19 billion in sales to Mexican buyers of everything from corn and soybeans to dairy and poultry.

Cheaper prices for Brazilian corn drove some of the surge in purchases, but for some, like Edmundo Miranda – commercial director of Grupo Gramosa, one of Mexico’s top grains merchants – it was “to see how practical and profitable it was to buy from Brazil or Argentina given the possibility of trade tariffs because of NAFTA renegotiations.”

Mexico is the top importer of U.S. corn, purchasing 14.7 million tons in 2017, according to U.S. government data.

More on this story

ONG21 GAI Ad 300x250
ONG21 GAI Ad 300x250

press to zoom
ONG21 GAI Ad 300x250
ONG21 GAI Ad 300x250

press to zoom
1/1

Contribute an article

Lynda Kiernan-Stone is Editor with HighQuest Group Media and of the Oilseed & Grain News. If you would like to submit a contribution for consideration, please contact Ms. Kiernan-Stone at lkiernan-stone@highquestgroup.com.