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Mexico looking at Argentina and Brazil as alternative for U.S. corn

Staff Writer |
Mexico's agriculture minister said he will lead a business delegation to Argentina and Brazil to explore buying yellow corn.

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This is part of a drive to lessen Mexico's U.S. dependence given uncertainty over President Donald Trump's trade policies.

The trip will happen within the next 20 days, Agriculture Secretary Jose Calzada said, adding that the government could explore quotas and changing the tariff regime for imports from South America if needed.

On Sunday the Mexican senator Armando Rios Piter, who leads a congressional committee on foreign relations, says he would introduce a bill this week, to shift corn import demand to Brazil and Argentina instead of the United States.

“I'm going to send a bill for the corn that we are buying in the Midwest and change to Brazil or Argentina,” Rios Piter told CNN.

“Mexican politicians are toying with the idea of buying their corn from South America instead of the U.S. to teach the US President a lesson in unintended consequences,” said Tobin Gorey, at Commonwealth Bank of Australia.

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