Mexico’s yellow and white corn domestic supply for is expected to grow in 2022-23, a supply and demand report by the Mexican Agricultural and Fisheries Information Service (SIAP) revealed Monday, 31 July.
Yellow corn production
Mexico’s national supply of yellow corn for the 2022-23 marketing year, as of June 2023, is projected at 22.7 million tonnes, or 2.3% higher compared to the previous cycle.
The planting and harvest figures up to June for the autumn-winter 2022-2023 cycle indicate that 55,492 hectares of yellow corn have been planted.
Tamaulipas and Chiapas are the top two states in Mexico with the largest planted area, accounting for 88.6% of the total.
In regards to harvest, 37.8% of progress has been completed in the country, with collection to date totaling 100,590 tonnes.
Sinaloa and Tamaulipas are reported as the states with the highest production, both amounting to 80.1% of the total.
For the spring-summer 2023 cycle, as of June 2023, there is a planted area of 309,042 hectares, with Chihuahua, Jalisco, and Chiapas together accounting for 81.7% of the total national surface sown.
In the 2022-23 cycle, demand is expected to decrease, and ending stocks are expected at 2.88 million tonnes, which indicates an increase of 21.9% compared to the previous period.
The price paid to producers in the month of June 2023 was $5,290 pesos ($316 USD) per tonne, which implies a reduction of 9.4% year-on-year.
Compared to the previous month, the price reflects a decrease of 4.2%.
White corn production
For the 2022-23 market cycle, as of June 2023, the supply of white corn is forecast at 26.68 million tonnes, 1.2% higher compared to the 2021-22 marketing year.
The increased supply is a result of reduced imports a, down 3.8%, while production is forecast to increase by 2.5%.
For the autumn-winter 2022-2023 cycle, planted area is at 1.16 million hectares.
Sinaloa, Veracruz, Chiapas, and Oaxaca, have the largest area planted, amounting to 76.7% of the national total.
The production obtained is 6.73 million tonnes, with Sinaloa, Veracruz, Sonora, and Oaxaca having a combined output participation of 89%.
In the spring-summer 2023 cycle, as of June 2023, there is a planted area of 2.64 million hectares, with the largest contributions deriving from the state of Mexico, Puebla, Chiapas, Veracruz, and Michoacán, with a total participation of 60.8%.
Total demand in the 2022-23 cycle, is expected at 18.65 million tonnes, while exports could reach 205,00 tonnes.
Human consumption is projected to account for 56% of the total national demand.
Domestic production is forecast to contribute 90.4% of Mexico’s total supply.
Ending stocks are estimated at 2.52 million tonnes, 31.6% more compared with the previous cycle.
The price paid to white corn producers in the month of June 2023 was $5,160 pesos ($308 USD) per tonne, 22.6% lower year-on-year.
The tortilla was quoted at $22.58 pesos per kilogram, which indicates an increase of 14% compared to the previous year.
For more information on the current corn market, take a look at our dedicated page for corn market news.
