date:Aug 12, 2013
at the current production level and expected continued lack of growth are driven by two factors:
First, the planted area for Mexican corn is decreasing: from 2000 to 2012, the rain-fed area dropped from 7.34 million hectares to 6 million hectares, while the irrigated area increased from 1 million hectares to around 1.5 million hectares. Rabobank expects the decrease in the size of the rain-fed area will continue to outpace, in absolute values, the increase in size of the irrigated area. Produce