Overview

• The agriculture ministry officially confirmed that national production will meet internal white corn demand for the first time since a multi-year drought triggered heavy imports.
• Output from the Primavera-Verano 2024 cycle is projected at 18.5 million tonnes, laying the groundwork for supply stability.
• Sinaloa’s harvest has reached 85% completion on 214,750 hectares, with an average yield of 10.28 tonnes per hectare yielding about 2.2 million tonnes.
• The USDA forecasts global corn production at 1,265.9 million tonnes and inventories of 275.2 million tonnes, a glut expected to drive down international prices.
• Under Plan México, the federal government has pledged to leverage these harvests to reinforce food sovereignty and secure staple availability.