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On May 16, 2022, the Government of Mexico (GOM) published a presidential decree temporarily exempting the payment of import duties on 66 tariff lines covering staple food items and basic commodities for food processing. The tariff suspension is part of the GOM’s recently announced Program to Combat Food Price Inflation and Scarcity (PACIC).
On May 16, 2022, the Government of Mexico (GOM) published a presidential decree temporarily exempting the payment of import duties on 66 tariff lines covering staple food items and basic commodities for food processing. The tariff suspension is part of the GOM’s recently announced Program to Combat Food Price Inflation and Scarcity.
The Government of Mexico (GOM) has announced a program to combat food price inflation and scarcity titled “Paquete Contra la Inflacion y la Carestia (PACIC).” Along with PACIC, President López Obrador announced a plan to maintain “fair prices” for the basic food basket, through a voluntary agreement with the private sector, without the use of mandatory price controls.
Oilseed production is met with mixed expectations in 2022. Total soybean production is forecast to increase slightly due to higher planted area in marketing year (MY) 2022/23. However, the cancellation of federal commercialization support programs...
Mexico sugar production and exports are forecasted forecasted marginally higher for 2022/23.
The marketing year (MY) 2015/16 corn production is forecast at 23.4 million metric tons (MMT).
In the past decade, one of the most apparent trends agricultural trade patterns has been the growth in agricultural trade between developing countries or so-called “South-South trade.”
In February 2015 an Illinois-based grocery manufacturing and processing business contacted USDA FAS Washington over problems exporting cheese to Mexico.
Mexico’s beef and pork production are revised higher due to strong market incentives that are promoting higher than expected slaughter.