Mexico's Increasing Dependence on Corn Imports Raises Concerns
Mexico's corn imports surge as self-sufficiency drops, automakers fight for skilled workers, and a Chinese company invests in a polyurethane plant. Stay updated with business news in Mexico.
Mexico, the land of culture and flavorful cuisine finds itself in a bit of a pickle as its dependence on imported corn continues to grow. Three years have passed since the implementation of the Trade Agreement between Mexico, the United States, and Canada (T-MEC), yet the country's corn self-sufficiency rate has taken a nosedive. International consultations on genetically modified grain have further complicated matters, leaving Mexico yearning for corn like a taco yearns for its salsa.
Astoundingly, this year's corn imports are expected to reach a record-breaking 18.2 million tons, a staggering 13.3 percent increase compared to the year the T-MEC came into effect. As a result, Mexico's self-sufficiency rate will plummet from 65 to 64 percent, with occasional dips to 61 percent throughout the year. Let's hope this doesn't lead to a nationwide tortilla crisis, or else we'll be in a state of taco emergency.
