Mexicoalthough it is self-sufficient in the white corn productionstands out as the main buyer of yellow corn. According to him United States Department of Agriculture (USDA), private exporters have reported sales of 215,000 metric tons (MT) of yellow corn to Mexico.
In a report published on Tuesday, May 28, the USDA reported that private exporters reported sales of 215,000 metric tons of corn destined for Mexicowith 165,000 scheduled for delivery in the year 2023/2024 and 50,000 MT in the year 2024/2025.
Biggest buyers
The report “US corn exports in 2023” The USDA identifies Mexico as the largest importer of yellow corn from the United States. The next main export destinations for the US are Japan, China, Colombia, Canada, South Korea, Guatemala, Taiwan, Honduras and Saudi Arabia.
Fall of 2023
The USDA report on US yellow corn exports reveals a downward trend in recent years. In 2021, the General exports reached 18.63 billion dollarsa figure slightly reduced in 2022 to 18.57 trillion dollars.
However, in 2023, a significant drop is observed, with exports declining to 13.14 billion dollars. This reduction represents a 29% decrease in exports from 2021.
Contrary to the general trend of US exports, Mexico has increased its purchases of yellow corn steadily over the last decade. This constant growth culminates in a notable increase in 2023, with a record of 5.38 trillion dollars, representing an increase of 139% from 2014, which was 2.25 trillion dollars.
Mexico
Marte Vega Román, president of the Confederation of Agricultural Associations of the State of Sinaloa(Caades), informed Portafolio that yellow corn in Mexico is mainly destined for livestock use, highlighting a recent change in the import sources of this cereal, with a significant increase in imports from Brazil and Argentina.
“We have recently observed a increase in yellow corn imports from Brazil, because it is cheaper to transport it through different ports compared to importing it from the United States. Sometimes it is also imported from Argentina, but in recent times Brazil has been the main supplier, a country that has experienced notable growth in its production of yellow corn,” said Vega.
Total imports of yellow corn in Mexico have shown a constant increase year after year, reaching an estimated 23 million tons. This trend is projected to continue rising.
“Currently, we face a deficit in national production, which will lead us to import more than the 23 million tons mentioned. It is important to highlight that Mexico is displacing China as the main importer of yellow corn, exceeding 23 million tons,” revealed the Caades source.
Sinaloa
Vega highlighted that In Sinaloa, yellow corn production is marginal, despite previous attempts. However, there are exceptions, although they are rare, where certain industries purchase it from specific producers.
“Yellow corn production is concentrated mainly in Chihuahua and other regions, while here in the city, the focus falls practically on white corn,” he noted.
Regarding white corn in Sinaloa, the president of Caades reported that an annual production of six million tons is reached.
“We produce six million tons. We have always fought to be a product that goes into tortillas for human consumption, so here in Sinaloa practically half of what we produce from white corn goes to livestock use at the national level,” the president emphasized.
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