Mexicos Financier reported on May 6 that, according to statistics from the Mexican Agricultural Market Production Group, Mexicos corn imports totaled 3.412 million cubic tons in Q1 of this year, up 12% year-on-year, while soybean imports reached 1.907 million cubic tons, up 21.5% year-on-year, a record high. The Group believes that, the main reasons for this situation are: On the one hand, the market supply exceeds demand; on the other hand, the outbreak of the African swine fever in China has led to a sharp drop in corn and soybean prices. Juan Carlos, Chairman of the Group, pointed out that, the South American region had a good harvest of corn and soybean production this year, and the market was well stocked. Chinas pig production due to the swine fever epidemic has decreased by 30%, thus resulting in a significant decrease in a demand for the afore-said the products. However, at the same time, the Mexican pig production is increasing and the demand on the feed is naturally increasing.