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
USMEF President and CEO Dan Halstrom shares how recent trade talks are influencing U.S. red meat global sales and the importance of key trade agreements like the USMCA.
A Reuters report shows China has a soybean “glut,” finding stockpiles at Chinese ports are at record levels, with crushers there holding the most supplies since 2017.
The National Milk Producers Federation (NMPF) says recent wins in markets like Malaysia and Cambodia help farmers focus on production rather than trade barriers.
Lucia Ruano, USMEF’s Central America representative, discusses what is driving demand for U.S. beef and pork in the region.
Pork producers should prioritize health and productivity gains, hedge feed and hogs selectively, and watch Brazil’s export pace and China’s sow policy for price signals.
Texas Cattle Feeders Association Chairman Robby Kirkland explains how the ongoing U.S.-Mexico border closure impacts feed yards that rely on Mexican cattle due to the New World Screwworm.

LATEST STORIES BY THIS AUTHOR:

RanchHer celebrated the invaluable contributions women leading the beef industry at their panel, “Your Path to Becoming a RanchHer,” Friday at NCBA CattleCon.