News from Mexico

In 2017 corn crop in Mexico will decline by 5.7% compoared to last year. Wheat crop will decline as well.

One of the reasons is the reduction of areas under cultivation with the two crops. Data is on FAS USDA.

Import of corn in 2017 - 2018 will reach 15.5 million tonnes (+ 9%), incl. from US 15,325 million tonnes (13.8 million tonnes in the previous season).

In 2017. wheat crop is 3.55 million tonnes (-8.7%), 660,000 hectares (-9%) are under wheat cultivation.

Despite the decline in the crop, large domestic stocks will allow a 3.2 % reduction in wheat import to 5.2 million tonnes. The share of US import from the total import will decrease to 70% (75.3).