mexico threatens to ditch us corn imports
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

In its trade wrangle with US President

Mexico threatens to ditch US corn imports

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Mexico threatens to ditch US corn imports

Mexico imports billions of dollars' worth of corn
Mexico City - Arab Today

Mexico has identified a potential weapon in its trade wrangle with US President Donald Trump: lucrative yellow cobs of American corn.

The Latin American nation imports billions of dollars' worth of the yellow grain from the United States to feed its livestock.

But with Trump pushing to shake up the countries' trade ties, Mexico is now threatening to buy from elsewhere.

That is worrying corn growers in some of the very same US states that voted heavily in favor of Trump: Iowa, North Dakota, Kansas, Missouri and Nebraska.

Trump has vowed to restrict free trade with Mexico in order to protect US jobs and industry.

But with Mexico gearing up for a potential trade battle, the effect could be the opposite -- at least when it comes to corn.

"For US corn producers, Mexico is their number one export customer," Thomas Sleight, president of the US Grains Council, told AFP.

"They are concerned about maintaining excellent relationships with long standing customers that they've built over generations."

- Leverage for NAFTA talks  -

Mexico's Agriculture Secretary Jose Calzada said Mexico is in advanced talks with two other corn producers, Brazil and Argentina.

The US grain is cheaper than those countries' corn at $198 a ton, says Juan Carlos Anaya, head of the Agricultural Markets Consulting Group, a Mexican research firm.

Brazilian corn costs $210 a ton and Argentine corn $217, Anaya said.

Buying corn from other countries would drive up the price of certain products in Mexico, he warned.

But Mexico needs alternative sources of corn to gain leverage in trade negotiations.

Trump has vowed to renegotiate the North American Free Trade Agreement (NAFTA) with Mexico and Canada.

He wants new conditions that will help shift manufacturing jobs back to the United States and boost US production and exports.

Talks are expected to start this year.

"We do not know what the United States will propose," said Calzada.

"We have to act first to be sure that when we arrive at that negotiating table we are starting from a position of total strength."

One leftist opposition senator, Armando Rios Piter, has launched a legislative proposal to buy corn from Brazil and Argentina.

US "corn producers may have been fooled by Donald Trump when he said that Mexico was the only one benefiting from NAFTA," Rios told AFP.

"Now that they see what is at stake, they will have to change their minds."

- US farmers concerned -

Corn is Mexico's fourth-biggest import from the United States, after gasoline, diesel and natural gas.

Mexico imported $2.32 billion worth of corn in 2016 -- 10 percent more than the previous year, according to Mexican government figures.

By comparison, it imported just $17.7 million of corn from Argentina and $10 million from Brazil.

Mexico is also a major importer of US dairy products, pork, rice, wheat and soya.

Sleight said producers in five big corn-exporting US states have been lobbying lawmakers in Washington to stress how important NAFTA is for their business.

On January 23, agriculture industry leaders wrote to Trump saying that US food exports had quadrupled since NAFTA came into force in 1994.

"The sector in the US is struggling under the weight of low prices, reduced land values and rising interest rates, meaning farm profitability has declined", said analysis firm BMI Research.

"US farmers would suffer considerably from trade disruption with Mexico."

Source: AFP

almaghribtoday
almaghribtoday

GMT 14:04 2018 Sunday ,14 January

Fossil fuels blown away by wind

GMT 18:15 2018 Saturday ,13 January

1.5 C climate goal 'very unlikely' but doable

GMT 12:37 2018 Friday ,12 January

Race to save Indonesian croc stricken

GMT 15:08 2018 Thursday ,11 January

California mudslides death toll reaches 15

GMT 14:06 2018 Wednesday ,10 January

Philippines to protest over China activity

GMT 14:33 2018 Tuesday ,09 January

Poisonous and running out

GMT 16:42 2018 Saturday ,06 January

'World's ugliest pig' spotted

GMT 12:01 2018 Wednesday ,03 January

Hong Kong's mountain warriors
Almaghrib Today, almaghrib today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

mexico threatens to ditch us corn imports mexico threatens to ditch us corn imports

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

mexico threatens to ditch us corn imports mexico threatens to ditch us corn imports

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 07:43 2017 Monday ,16 October

'Final phase' of battle for Raqa

GMT 07:58 2011 Monday ,17 October

Chinese stocks close 0.37 pct higher Monday

GMT 13:38 2011 Friday ,11 November

Tips to great skin and hair

GMT 16:57 2017 Tuesday ,24 January

Bahrain condemns attack on market

GMT 19:36 2017 Thursday ,13 April

Despite warning, Assad regime uses barrel bombs

GMT 18:42 2017 Tuesday ,11 April

Muscat Securities Market Loses 29 Points

GMT 11:44 2014 Saturday ,01 November

Arab League council to hold emergency meeting Sunday

GMT 09:21 2011 Monday ,17 October

Tulisa showed on X Factor

GMT 18:08 2017 Tuesday ,17 January

Jordanian Royal Decree Approves Cabinet Reshuffle

GMT 09:07 2011 Sunday ,12 June

Israel to allow limited goods into Gaza

GMT 12:16 2011 Saturday ,18 June

Marilyn Monroe dress stars in Hollywood sale

GMT 13:42 2011 Sunday ,30 October

Watermelon helps reduce atherosclerosis

GMT 21:45 2017 Thursday ,27 April

US dollar exchange rate stable at major banks

GMT 13:20 2018 Monday ,01 January

Lewis Hamilton Instagram account emptied

GMT 22:09 2017 Monday ,24 July

'Dunkirk' captures N. American box office

GMT 02:55 2017 Sunday ,30 April

EU tightens Brexit demands on residence, banks

GMT 10:46 2015 Sunday ,11 January

DWTC to welcome over 130,000 visitors

GMT 06:35 2017 Friday ,15 December

Mennat-Allah underlines importance of landscapes

GMT 15:10 2011 Monday ,20 June

American woman locks horns with \'employer\'
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday