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Tag: Mexico

Mexico moves to trade dispute settlement consultations to fight US GM corn dispute after formal consultations fail

MEXICO- The Mexican government said it would counter U.S. arguments over agriculture biotech measures, including plans to limit its use of genetically modified (GM) corn, in trade dispute settlement consultations on Friday. The consultation was requested by Washington as the two countries inch toward a full-blown trade dispute under the U.S.-Mexico-Canada Agreement (USMCA) over Mexico’s policies to limit the use…

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USGC advocates for DDGS use by Mexican swine producer, former chair is appointed to MAIZALL board  

MEXICO- The US Grains Council recently toured Mexico and convinced Keken, a mega Mexican swine producer, to restart the use of distillers’ dried grains with solubles (DDGS). The USGC held face-to-face meetings with leaders from Kekén, during which the Council addressed quality concerns that caused them to stop using DDGS half a decade ago.  The USGC also put the fully-integrated…

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Mexico’s working group dissects GM corn impact as the corn dispute 30 days deadline elapses

MEXICO- Mexico’s health authority COFEPRIS and scientific council CONACYT have created a working group to keep assessing the risks associated with genetically modified (GM) corn consumption, especially in tortillas, amid a trade dispute with the US. Last month, US Trade Representative Katherine Tai requested talks with Mexico to resolve the current dispute over GM corn imports from the USA. These…

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Mexico wheat and rice forecast lowered as uncertain government support delays planting 

MEXICO- According to a report by the USDA, Mexican wheat and rice production forecast is slightly lower in marketing year (MY) 2023/24 due to uncertain government support delaying planting decisions.  The report also indicates that reduced government support for commercial growers, and less incentive to invest in new production technologies amid high inputs costs could slightly reduce the country’s overall…

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US Trade Representative (USTR) requests talks with Mexico on GM corn import dispute

USA- US Trade Representative Katherine Tai has requested talks with Mexico to resolve the current dispute over GM corn imports from the USA.  Mexican President Andrés Manuel López Obrador has a decree to ban biotech corn imports from 2024.  However, a few weeks ago, the Mexican president eased his stance, allowing GM corn import from the USA for feed manufacture…

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Gavilon officially rebrands to Viterra in the US and Mexico after 2022 acquisition 

USA- Gavilon has finally rebranded as Viterra across its business in the United States and Mexico, following Viterra Ltd.’s purchase of the grains origination and storage and food ingredients business of Gavilon Agriculture Investment Inc. in 2022. Gavilon has been storing and distributing grains, oilseeds, and feed and food ingredients, to domestic and global markets, and will now be doing…

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Mexican baking giant Grupo Bimbo to spend US$2B on capital investment in 2023

MEXICO – Grupo Bimbo, the Mexico-based bakery giant, plans to spend up to US$2bn on capital investment in 2023 in part to meet the demand for its products, Diego Gaxiola, the company’s CFO has said. The investment is up by 67% from the US$1.2b spent on capital expenditure in capex in 2022, according to the CFO. Gaxiola’s comments came as…

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GM Foods debate: Mexico scraps plan to ban GM corn for animal feed, Pakistan ban on GM soybean affects imports

MEXICO – Mexico has scrapped a deadline to ban genetically modified corn for animal feed and industrial use amid trade tensions with the United States but retained plans to prohibit the use of the grain for human consumption.   According to a statement by the Economy Ministry, the move, approved in a government decree, eliminates January 2024 as the date…

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Mexico imposes temporary 50% tariff on white corn exports to protect local supply

NORTH AMERICA-The Mexican government announced a temporary 50% tax on white corn exports, arguing that the grain must remain in Mexico to contain a spike in the price of tortillas, a staple in the Mexican diet. The tariff, which takes effect immediately will end on June 30 according to a decree signed by President Andrés Manuel López Obrador and published…

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Ynsect partners ADM, Corporativo Kosmos in US$106m North American expansion drive

NORTH AMERICA – Ynsect, a France-based insect protein company, is on a North American charm offensive to woo more North Americans into embracing insect-based foods into their diets. The company has kickstarted the process by unveiling plans to invest US$106.57 million in building insect ingredient production sites in the United States and in Mexico Construction will begin by late 2023 and…

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