(Matt Noltemeyer – World Grain)
Mexico, the largest importer of U.S. wheat in the last two years, will import and assess cargoes of wheat from Argentina, partly in reaction to uncertainty over North American Free Trade Agreement renegotiation.
That portends the harm awaiting U.S. growers if the United States withdraws from NAFTA or a revised trade agreement results in impediments to Mexico’s ability to import U.S. wheat, according to U.S. Wheat Associates (USW), the export market development organization working on behalf of U.S. wheat producers.
The U.S. agricultural trade office in Mexico City in an Oct. 23 report confirmed Mexican millers will import 30,000 tonnes of Argentine wheat in late December. The transaction had been announced earlier, but the agreement was finalized only after Mexico’s phytosanitary authority approved the import. Eight companies purchased the pilot shipment to appraise the wheat in terms of moisture and protein content. Click here to read more.