In Mexico, as in the US, groceries are getting more expensive because of COVID-19, but the pandemic is not necessarily the direct cause.
The wholesale price of strawberries in Mexico, for instance, has climbed sharply this spring, but it started rising in February, well before the coronavirus really became a major issue in the country.
In fact, the rise in wholesale strawberry prices was driven by a precipitous fall in the peso, which is currently at an all time low relative to the US dollar.
Since Mexico exports a significant proportion of its fresh produce to the US, wholesale buyers in Mexico are essentially bidding against US importers, and as can be seen in this display, shipping point prices into the US are within normal range this year.
The fall in the value of the Mexican peso vs the US dollar, however, means this translates into a higher peso price than in prior periods.
Meanwhile, retail prices of strawberries in the US have been trending below average this year (relative to their average price since 2007).
Source: https://www.perishablenews.com/
Comments
more recommended stories
28-year-old American citizen suddenly dies in a Mérida shopping centerAn intense mobilization of security personnel.
Spectacular road accident on the Merida-ValladolidA road accident was recorded on.
Actress and singer Olivia Newton-John dies at 73Olivia Newton-John has passed away today, Monday,.
Man beats a dog to death in Mérida; activists ask for justiceA man, identified with the initials.
Chicxulub Meteorite Museum to open its doors August 9th, in ProgresoThe Meteorite Museum in Progreso, a.
Dutch tourists involved in road accident on the Tetiz-Hunucmá roadA couple of Dutch tourists who.
Parque Zoologico del Centenario trains veterinary and animal handling staffWith the aim of updating the.
77th atomic bombing anniversary in Hiroshima amid fears of a new nuclear weapons raceBells tolled in Hiroshima, Japan, on.
Tropical wave is moving across the Atlantic toward the Yucatan PeninsulaIt has been more than a.
State authorities continue collecting the marine species washed up by the red tideState Government personnel continue with the.
Leave a Comment