Tag Archives: corn imports

Mexican Senate ratifies USMCA

Mexico’s Senate voted June 19 to ratify the USMCA trade agreement, making Mexico the first of the three North American countries to reach this milestone.  The vote of 114 in favor to five against demonstrates the firm support for free trade on the part of Mexican President Andrés Manuel López Obrador (AMLO) and his Morena party, which holds more than twice as many Senate seats as the largest opposition party.  Interestingly, four of the five votes against the USMCA came from members of the president’s own party, further underscoring the broad support for the deal across the political spectrum.  With Canada seemingly moving ahead toward ratification, concern in Mexico appears to be focused on internal political struggles in the United States that could potentially derail ratification in the region’s largest economy.  Continue reading Mexican Senate ratifies USMCA

Mexico corn imports inching back up

Corn 01This morning we launched our day like your average cube monkey — hit the coffee nook for some Joe, busted out a glazed donut (one of them cake jobbies, uh huh), checked the sports scores, and pulled up the latest figures on corn imports.  As a kid we used to think of “corn” as elotes, or corn on the cob.  Working in trade, however, we soon came to learn that the vast majority of corn imported and exported is used as a raw material in the production of animal feed or other food or industrial products.  Looking at data from the Economy Ministry (Secretaría de Economía, or SE) on corn imports into Mexico, we noticed that after a strong surge early in the decade, imports dived in 2013 (see chart below).  We’re not sure what caused the precipitous dip, but we’ll be sure to look into that over an upcoming donut.  In any case, we can see that even though 2015 imports exceeded the previous year by only a small margin, the trend does appear to be on the rise. Continue reading Mexico corn imports inching back up