Mexico: Grain and Feed Update
Link to report:
Corn, rice, and sorghum production forecasts are revised downward in marketing year MY 2022/23, while the wheat production estimate is increased to 3.6 MMT. Mexico’s corn production estimate for MY 2021/22 was revised downward based on updated planting data to 26.5 million metric tons (MMT). Mexico’s corn imports are forecast to increase to 17.3 MMT in MY 2022/23. Corn imports in MY 2021/22 reached a record 18.1 MMT. Mexico’s imports of all other grains in MY2021/22 are also adjusted upward. Mexico’s corn exports in MY 2022/23 are estimated to decline as recent policy changes place a 50 percent tariff on white corn exports through June 2023.