“Mexico can avoid these tariffs by exporting to European and Asian buyers and free up some of the Middle East barrels going into these markets,” he said.¹⁾

The prospect of lower supplies from Mexico, the top supplier of crude oil to the US Gulf Coast, is supporting prices of medium sour Mars Blend produced in the Gulf of Mexico. ²⁾

The project aims in two years to develop enough non-GM seed varieties cultivable in Mexico to replace about 6 million of the 18 million metric tons of corn that the country imports from the U.S. annually, most of which is GM yellow corn.

Mexico's government wants to ban GM corn for human consumption, including its national staple, tortilla, on concerns about its health impact. It still permits, for now, GM corn as livestock feed and in industrial use in some processed foods and cosmetics.

Mexico buys about $5 billion of U.S. GM corn each year, most for livestock feed.³⁾