Two newest trade officials raise concerns over Mexico’s GM corn ban

Mexican flag 1280x720.jpg

Market Day Report

In a surprise trip this week, the newly seated Undersecretary for Trade, Alexis Taylor went to Mexico with Chief Ag Negotiator, Doug McKalip to meet with Mexican officials about their upcoming ban on genetically modified U.S. corn.

U.S. Trade Representative Katherine Tai released a statement.

“We made it clear today that if this issue is not resolved, we will consider all options, including taking formal steps to enforce out rights under the USMCA. These changes are not sufficient and Mexico’s proposed approach, which is not grounded in science, still threatens to disrupt billions of dollars in bilateral agricultural trade, cause serious economic harm to U.S. farmers and Mexican livestock producers.”

Mexico’s agricultural ministry did not comment.

As of now, Mexico has decided to postpone its ban until 2025.

Story via Kanishka Singh and Tom Polansek with Reuters

LATEST STORIES BY THIS AUTHOR:

More than 100 pork producers traveled to Washington to meet with lawmakers and underscore the threat to small family farms.
Now the Senate must pass a version of the spending bill before the Sept. 30 deadline.
Corn and beef exports showed strong momentum, cotton sales surged, and soybean sales held steady, though China remains absent from the U.S. market.
Cheaper freight is helping exports move, especially corn, but weaker soybean demand looms large.
Disease risks remain a key factor to watch heading into fall.