Browse Data and Analysis

Corn, rice, and sorghum production forecasts for marketing year (MY) 2023/2024 are increased, while wheat production is forecast lower based on less planted area.

On July 28, 2023, the Government of Mexico (GOM) notified a revised NOM-187 to the World Trade Organization and opened a 60-day comment period. NOM-187 establishes the sanitary and commercial requirements for products made from nixtamalized corn and for the establishments that produce these products.

Corn, rice, and sorghum production forecasts for marketing year (MY) 2023/2024 are revised upward, while wheat production is forecast lower at 3.4 million metric tons.

The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.

FAS/Mexico expects slower growth in the vegetable oil and oil meal sectors in marketing year (MY) 2023/24 compared to recent years, given potential declines in consumer purchasing power, a forecast slowdown in Mexico’s economy, and persistent inflation.

Due to continued elevated agricultural input costs, Mexico’s corn production in marketing year (MY) 2023/24 is forecast at 27.4 million metric tons (MMT), unchanged from the year prior. Lower than expected planting intentions data accounts for slightly lower rice and wheat production forecasts.

On February 13, 2023, Mexico published a modified 2023 Corn Decree in the Diario Official Federal (DOF). The new Presidential decree abrogates the 2020 GE Corn Decree and is immediately effective on February 14, 2023.

Corn, rice, and sorghum production forecasts are revised downward in marketing year MY 2022/23, while the wheat production estimate is increased to 3.6 MMT.