Mexico: Grain and Feed Annual
The marketing year (MY) 2015/16 corn production is forecast at 23.4 million metric tons (MMT). Similar to last year, Mexican corn production should remain relatively constant, despite lower prices, due to the lack of attractive prices from alternative crops. MY 2015/16 corn imports are forecast slightly higher at 10.3 MMT due to increased feed demand from Mexico’s livestock sector. Post/New MY 2015/16 production forecasts are up for wheat and sorghum at 3.7 MMT and 7.7 MMT respectively, while rice production is forecasted at 240,000 MT (rough production). Responding to demands from various grower organizations about low commodity prices and the need for more assistance at the farm level, the Government of Mexico (GOM) announced new or updated support programs.
