As renegotiation of the North American Free Trade Agreement (NAFTA) continues, Mexico, the largest importer of US corn and second largest importer of US soyabeans, is looking to Brazil as an alternative grain provider. Mexico imported more than 583,000 metric tons of Mexican corn in the last 4 months of 2017, a 970% increase from the previous year. US farmers, food processors and grain trading houses have been working to keep trade relationships from deteriorating, yet Brazilian buyers are losing confidence in the reliability of US grains and are looking to establish new networks of suppliers.
As renegotiation of the North American Free Trade Agreement (NAFTA) continues, Mexico, the largest importer of US corn and second largest importer of US soyabeans, is looking to Brazil as an alternative grain provider. Mexico imported more than 583,000 metric tons of Brazilian corn in the last 4 months of 2017, a 970% increase from the previous year. US farmers, food processors and grain trading houses have been working to keep trade relationships from deteriorating, yet Mexican buyers are losing confidence in the reliability of US grains and are looking to establish new networks of suppliers.