Mexico is prepared for a dispute panel over U.S. corn

Mexican flag 1280x720.jpg

Market Day Report

The Mexican government said it is prepared to defend its ban on U.S. genetically modified corn.

Agricensus reports the Ministry of Agriculture’s Undersecretary of Food Self-Sufficiency held a news conference on Thursday.

“If necessary, the Mexican government, if the United States government calls for it, will go to the dispute panel, but we will not cede in something that is vital as a right of our country and as a right of our people,” said Victor Suárez.

He claims the U.S. opposition to the glyphosate ban has more to do with large seed firms than American farmers, and presented 2020 data that suggests four companies control half of the world’s seeds.

“The U.S. government’s argument that prompted formal trade talks is that Mexico’s self-sufficiency policies and the presidential decree at hand affect U.S. corn producers and hinder bilateral trade,” said Suárez. “These arguments that the U.S. government presents are false.”

Suárez added that the volume and value of imports have been more than substantial and trending higher.

According to USDA export data, Mexico accounts for more than a third of U.S. corn exports so far this marketing year.

As for a formal dispute under the USMCA trade agreement, the technical consultation period is over. It is now up to the U.S. Trade Rep’s office to file a formal dispute.

Related Stories
While this month’s WASDE report will not include updated figures on U.S. crop size, officials say it will offer a clearer picture of crop conditions in the Southern Hemisphere.
USTR Jamieson Greer signals a narrower trade deal with China, adding more market uncertainty. The Farm Bureau also supports reviewing China’s missed trade commitments under the Phase One.
American soybean and corn leaders, along with Canada’s AgriFood sector, testified before the U.S. Trade Representative’s Office in support of the trade pact between the U.S., Mexico, and Canada.
The FAO Food Price Index for November fell by more than 1 percent in November, marking the third straight month of declines.
Texas livestock producers face a heightened biosecurity threat as New World screwworm detections in northern Mexico coincide with FDA approval of the first topical treatment.
Higher ocean freight raises export costs just as global grain competition intensifies.

LATEST STORIES BY THIS AUTHOR:

Renowned farm broadcaster and friend of RFD-TV, Orion Samuelson, will undoubtedly be remembered for many things, but most of all, his work as a champion of America’s farmers and ranchers will define his legacy.
Corn demand is rising thanks to ethanol expansion, yet year-round E15 remains missing from the Farm Bill—leaving farmers questioning the policy gap.
RanchHer celebrated the invaluable contributions women leading the beef industry at their panel, “Your Path to Becoming a RanchHer,” Friday at NCBA CattleCon.