World Grain - July 2024 - 21

tonnes, a nearly 5% increase from 2023-24. Lower corn prices
compared to previous years and growing demand from livestock
producers and processors will drive imports. Exports are
expected to remain unchanged at 50,000 tonnes.
Wheat imports for 2024-25 are expected to remain unchanged
at 5.4 million tonnes while exports are forecast to
decrease 11% to 800,000 tonnes due to lower exportable supplies
of durum wheat. The United States is Mexico's largest
wheat supplier, the FAS said, followed by Canada and Russia.
" Mexico's wheat milling industry relies on US wheat
through developed rail and maritime supply chains, although
they seek to diversify their supply sources depending on prices, "
the FAS said.
Despite the ongoing trade dispute with the United States,
the nation's export market share in Mexico remains robust
due to geographical advantages, interlinked supply chains and
trade benefits under the United States-Mexico-Canada Agreement
(USMCA). In 2023, the United States supplied more
than 85% of Mexico's corn imports, the FAS said.
Outgoing president López Obrador issued a decree banning
the use of GM corn for dough and tortillas and to gradually
substitute GM corn used for animal feed and for other forms
of human consumption with non-GM corn. Following that
2023 decree, which clarified the initial decree from 2020, the
United States initiated dispute settlement proceedings under
the USMCA.
The United States claims that the 2023 decree violates the
USMCA requirement that parties use science-based principles
when implementing measures because the United States
claims that scientific studies have shown GM corn is safe for
human consumption.
A dispute settlement consultation did not resolve the issue,
so a formal dispute panel was convened. Oral arguments will
be presented by each side this June. A final report is expected
this November.
If the panel finds Mexico's ban is inconsistent with the
USMCA, Mexico will have 45 days to correct the issue. If it
does not, the United States can suspend benefits to Mexico under
the USMCA that are equivalent to the effect of Mexico's
ban on importing GM corn.
With the election of Sheinbaum as president, analysts have
speculated that the dispute might come to an end. Sheinbaum
will start her six-year term on Oct. 1. Sheinbaum has said she
wants to continue the USMCA agreement and that her No. 1
priority is strong relations with the United States.
We want to hear from you - Send comments and inquiries
to worldgrain@sosland.com. For reprints of WG articles,
email reprints@sosland.com.
World-Grain.com / World Grain / July 2024
21
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World Grain - July 2024

Table of Contents for the Digital Edition of World Grain - July 2024

World Grain - July 2024 - Intro
World Grain - July 2024 - 1
World Grain - July 2024 - 2
World Grain - July 2024 - 3
World Grain - July 2024 - 4
World Grain - July 2024 - 5
World Grain - July 2024 - 6
World Grain - July 2024 - 7
World Grain - July 2024 - 8
World Grain - July 2024 - 9
World Grain - July 2024 - 10
World Grain - July 2024 - 11
World Grain - July 2024 - 12
World Grain - July 2024 - 13
World Grain - July 2024 - 14
World Grain - July 2024 - 15
World Grain - July 2024 - 16
World Grain - July 2024 - 17
World Grain - July 2024 - 18
World Grain - July 2024 - 19
World Grain - July 2024 - 20
World Grain - July 2024 - 21
World Grain - July 2024 - 22
World Grain - July 2024 - 23
World Grain - July 2024 - 24
World Grain - July 2024 - 25
World Grain - July 2024 - 26
World Grain - July 2024 - 27
World Grain - July 2024 - 28
World Grain - July 2024 - 29
World Grain - July 2024 - 30
World Grain - July 2024 - 31
World Grain - July 2024 - 32
World Grain - July 2024 - 33
World Grain - July 2024 - 34
World Grain - July 2024 - 35
World Grain - July 2024 - 36
World Grain - July 2024 - 37
World Grain - July 2024 - 38
World Grain - July 2024 - 39
World Grain - July 2024 - 40
World Grain - July 2024 - 41
World Grain - July 2024 - 42
World Grain - July 2024 - 43
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World Grain - July 2024 - 45
World Grain - July 2024 - 46
World Grain - July 2024 - 47
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World Grain - July 2024 - 49
World Grain - July 2024 - 50
World Grain - July 2024 - 51
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World Grain - July 2024 - 53
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World Grain - July 2024 - 55
World Grain - July 2024 - 56
World Grain - July 2024 - 57
World Grain - July 2024 - 58
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World Grain - July 2024 - 62
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World Grain - July 2024 - 65
World Grain - July 2024 - 66
World Grain - July 2024 - 67
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https://digital.world-grain.com/sosland/wg/world-grain-july-2024
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https://digital.world-grain.com/sosland/wg/world-grain-march-2024
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https://digital.world-grain.com/sosland/wg/world-grain-january-2024
https://digital.world-grain.com/sosland/wg/world-grain-december-2023
https://digital.world-grain.com/sosland/wg/world-grain-november-2023
https://digital.world-grain.com/sosland/wg/world-grain-october-2023
https://digital.world-grain.com/sosland/wg/world-grain-september-2023
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https://digital.world-grain.com/sosland/wg/world-grain-march-2023
https://digital.world-grain.com/sosland/wg/world-grain-february-2023
https://digital.world-grain.com/sosland/wg/world-grain-january-2023
https://digital.world-grain.com/sosland/wg/world-grain-december-2022
https://digital.world-grain.com/sosland/wg/world-grain-november-2022
https://digital.world-grain.com/sosland/wg/world-grain-october-2022
https://digital.world-grain.com/sosland/wg/world-grain-september-2022
https://digital.world-grain.com/sosland/wg/world-grain-august-2022
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https://digital.world-grain.com/sosland/wg/world-grain-june-2022
https://digital.world-grain.com/sosland/wg/world-grain-may-2022
https://digital.world-grain.com/sosland/wg/world-grain-april-2022
https://digital.world-grain.com/sosland/wg/world-grain-march-2022
https://digital.world-grain.com/sosland/wg/world-grain-february-2022
https://digital.world-grain.com/sosland/wg/world-grain-january-2022
https://digital.world-grain.com/sosland/wg/world-grain-december-2021
https://digital.world-grain.com/sosland/wg/-world-grain-november-2021
https://digital.world-grain.com/sosland/wg/world-grain-october-2021
https://digital.world-grain.com/sosland/wg/world-grain-september-2021
https://digital.world-grain.com/sosland/wg/world-grain-august-2021
https://digital.world-grain.com/sosland/wg/world-grain-july-2021
https://digital.world-grain.com/sosland/wg/world-grain-june-2021
https://digital.world-grain.com/sosland/wg/world-grain-may-2021
https://digital.world-grain.com/sosland/wg/world-grain-april-2021
https://digital.world-grain.com/sosland/wg/world-grain-march-2021
https://digital.world-grain.com/sosland/wg/world-grain-february-2021
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