Mexico’s coming ban on GMO corn imports could impact other areas of trade with the U.S., including sugar and corn syrup, an independent report released on Thursday said. The report from trader and supply chain services provider Czarnikow said the restriction would also block shipments of U.S. high fructose corn syrup (HFCS), a sweetener used in the food and beverage industry.
“This could lead to severe repercussions. The U.S. could potentially ban the 1.35 MMT of imported Mexican sugar (70% raw sugar, 30% white)”, said analyst Adrian Torrebiarte in the report. “A ban by the U.S. on Mexican sugar could lead to severe complications. The U.S. could give more TRQ allocations to Brazil, Dominican Republic, or Central American countries,” said the report.
