Mexico plans to reduce between 30% and 40% corn imports by 2024

Mexico will not be able to replace all the corn it imports by 2024, but it hopes to reduce those purchases from abroad by between 30% and 40%, the Undersecretary of Agriculture, Víctor Suárez, said on Wednesday.

Suárez explained that Mexico is advancing “significantly” in its objective of substituting the import of the grain , which comes almost entirely from the United States , but will fail to meet the goal of totally replacing it.

“We are not going to be able to produce an additional 16 million tons of corn that today is mainly imported for the livestock sector. We are going to make significant progress but we are not going to achieve the objective of substitution,” Suárez said at a press conference.

Click here to read full note: https://www.eleconomista.com.mx/economia/Mexico-preve-reducir-entre-30-y-40-las-importaciones-de-maiz-para-2024-20230125-0080.html