Mexico: Grain and Feed Annual

Mexico’s corn, wheat, and sorghum production in marketing year (MY) 2022/23 are forecast marginally lower than the previous year due to rising input costs, reduced government support, and expected adverse weather conditions from La Nina. On the other hand, rice production is projected to increase slightly based on the return to service of irrigation infrastructure in certain growing regions. Feed grain demand will continue to grow in MY 2022/23, led by corn, facilitating modest growth in imports. The United States is expected to remain Mexico’s principal grain supplier due to established trading relationships and supply chain logistics. Mexico’s grain production and imports are subject to its biotechnology regulatory policy, which has become increasingly uncertain under the current administration.