Mexico increases corn imports to 19.46 mln tons in nine months

Source:  Eleconomista
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Mexico imported 19.46 mln tons of corn in January–September 2026, up 5.8% compared with the same period last year. The value of purchases reached $4.36 bln. According to agricultural market consultancy Grupo de Consultores de Mercados Agrícolas (GCMA), corn remains the country’s main imported grain, accounting for 52.2% of total import volumes of grains, oilseeds and their processed products.

The increase was mainly driven by stronger demand for yellow and cracked corn, with imports rising by 7.4% to 18.87 mln tons. The United States accounted for 99.8% of these shipments, highlighting Mexico’s heavy reliance on US corn supplies. Meanwhile, white corn imports declined by 27.8% to 593.1 thsd tons. GCMA analysts noted that lower imports of certain grains do not necessarily indicate a recovery in domestic agricultural production.

Overall, Mexico imported 37.3 mln tons of grains, oilseeds and their processed products in the first nine months of 2026, up 5.1% year-on-year. Import spending increased by 8.1% to $11.92 bln, compared with $11.03 bln in the same period of 2025. According to GCMA estimates, domestic production covers only around 42% of the country’s grain and oilseed consumption, leaving Mexico heavily dependent on foreign suppliers.

Import spending also increased significantly in the soybean complex. The value of soybean and soybean product imports rose by 23.8% to $3.33 bln, while import volumes increased by 16%. The soybean complex accounted for 71.6% of the overall increase in the value of imports in this agricultural product category. In addition, rapeseed imports increased by 15.6% in volume, while their purchase costs rose by 29.4%. Meanwhile, wheat imports declined by 1.6% to 4.37 mln tons, although their value increased by 7.7%.

Amid growing import dependence, GCMA has called on Mexican authorities to strengthen support for domestic grain and oilseed production. Proposed measures include expanding contract farming, introducing price risk management mechanisms, improving access to financing and providing technical assistance to producers. According to analysts, these measures could improve the competitiveness of local farmers and reduce the food market’s vulnerability to fluctuations in international prices.

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