Trump effect: Mexico may import corn from Brazil and Argentina.
Mexico is looking for a new supplier after diplomatic problems with the United States caused by the latest measures of US President Donald Trump; this week, the Foreign Relations Committee in the Mexican Congress signaled that it intends to propose a bill to suspend corn imports from the United States and redirect purchases to Brazil and Argentina; the country's domestic consumption exceeds 38 million tons.
Do Infomoney - The business round between Brazil and Mexico has been postponed to March 20th. The postponement of the meeting, originally scheduled for the end of this month, was announced by the Minister of Agriculture, Blairo Maggi.
The Brazilian government's great expectation with this meeting is the possibility of exporting corn to Mexico. The country is looking for a new supplier after the diplomatic problems with the United States, caused by the latest measures of US President Donald Trump.
This week, the Foreign Relations Committee in the Mexican Congress signaled that it intends to propose a bill to suspend corn imports from the United States and redirect purchases to Brazil and Argentina.
Today, Mexico is one of the world's largest importers of corn. According to a report from the United States Department of Agriculture (USDA), Mexicans are expected to import nearly 14 million tons this season, while domestic consumption exceeds 38 million tons.