Viewpoint: ‘Prices may rise to the point that eggs become a luxury item’ — Why Mexico’s looming GM corn ban spells economic trouble

Credit: Ronaldo Schemidt
Credit: Ronaldo Schemidt

“Prices may rise to the point that eggs become a luxury item” for many Mexican consumers, warns a new report.

This could be Mexico’s rotten future if it continues to push a bad idea.

Farmers around the world seek to embrace new technologies that can help us grow more food on less land than ever before—but here in Mexico, many of our political leaders are preparing to reject the future of food production, despite the dire consequences that surely will follow.

Last month, Victor Suarez, Mexico’s Deputy Minister of Agriculture, told Reuters that Mexico intends to meet a self-imposed deadline of 2024 for a total ban on imports of genetically modified corn. He added that corn imports from the United States next year will drop by half.

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Moreover, the cost of corn would rise by 19 percent and poultry prices would jump by two-thirds. This is on top of the inflation that’s afflicting the whole world. It explains why eggs could become too expensive for low-income Mexicans.

The ban is a dangerous decision not founded in science—and it is not necessary. Mexico would mandate this economic and nutritional misery upon itself.

This is an excerpt. Read the original post here

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