A brewing corn trade war between Mexico and the United States could have dire consequences for Canadian barley growers, says an analyst.
Mexican president Andres Manuel Lopez Obrador issued a presidential decree on Dec. 31, 2020, that would ban the import of genetically modified corn starting in 2024 and phase out the use of glyphosate.
On Nov. 28, 2022, the United States threatened legal action against Mexico if it proceeds with that plan.
“The president’s phase-out decree has the potential to substantially disrupt trade, harm farmers on both sides of the border and significantly increase costs for Mexican farmers,” U.S. Secretary of Agriculture Tom Vilsack said in a tweet after meeting with Lopez Obrador.
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