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
Inclusive Entrepreneurship Fair will be held in December at Mérida´s ADO CAME former bus stationMÉRIDA, Yucatán, (October 16, 2021).- Work for.
Shooting at the Mexico City International Airport, 1 dead and 2 injuredEduardo Beaven was preparing to make.
La Palma volcano unleashes ‘lava tsunami’6,800 people evacuated as eruption becomes.
World Food Day: The Huge Global WasteMexico City, (October 16, 2021).- Food.
An elevated viaduct will be built to connect with the Progreso High PortProgreso, Yucatán, (October 16, 2021).- In.
Different factors are fueling Mexico’s inflationMEXICO CITY, Oct 14 (Reuters) –.
It’s mandarine season in Yucatan! These are some of its medicinal propertiesMÉRIDA, Yucatán, (October 15, 2021) .-.
New US land border policy announced for both Mexican and Canadian bordersAfter nearly 20 months of restrictions.
Central bank Deputy Governor Jonathan Heath says “Mexico Prices Are Gaining at ‘Phenomenal’ Pace”Bloomberg) — Mexico’s consumer prices are.
According to NGO, Yucatan reports zero kidnappingsMÉRIDA, Yucatán, (October 15, 2021).- The.
Leave a Comment