The US is looking for formal trade talks with Mexico over the country’s plans to restrict imports of genetically modified corn and other agricultural biotechnology products.
Ÿnsect has inked two major agreements for new facility builds: one in the US with Ardent Mills and another in Mexico with Corporativo Kosmos, a food service business.
Belfast-based animal nutrition company, Devenish, now has local production capabilities in Mexico, with a new manufacturing facility in Hermosillo, in the northwestern part of the country.
Growing livestock production and the demand for feed is expected to increase Mexico’s imports of feed grains including corn and sorghum in the coming year, says analyst.
The revised trade agreement negotiated by the US, Mexico and Canada is expected to improve provisions on sanitary and phytosanitary measures and reduce non-trade barriers, says expert.
Calm feed prices in Mexico are granting producers the opportunity to expand production and exports, while cattle and swine producers improve their genetic stock.
The anticipation of poorer prices in Mexico's livestock and poultry sectors coupled with declining sorghum production and increasing prices are expected to reduce use of the feed grain in that market, says analyst.
Following up on Wednesday’s trade agreement progress with China, the US Senate approved the revised trade agreement with Canada and Mexico (USMCA) on Thursday [January 16]. The development was welcomed the US feed sector.
Prices for feed grains, including corn and wheat, in Mexico are expected to cause a feeding shift with wheat use declining, even as grain production grows.
