President Claudia Sheinbaum rejects proposed tortilla price hike at press conference, with agriculture officials and producers.
President Claudia Sheinbaum rejects proposed tortilla price hike at press conference, with agriculture officials and producers.
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Sheinbaum rejects tortilla price hike announced by producers

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President Claudia Sheinbaum stated there are no reasons to raise the kilo of tortilla price starting April 15, despite the National Tortilla Council's announcement of a 2-to-4-peso increase. She instructed Agriculture Secretary Julio Berdegué to meet with producers to review the situation. Prices vary widely by region, with a national average of 24.18 pesos per kilo.

In her April 14 conference, Sheinbaum highlighted that grain prices like corn are at historic lows, removing arguments for the hike. 'No tienen ninguna razón para el aumento del precio de la tortilla porque (el precio) de los granos del maíz está en su nivel más bajo de la historia', she declared.

Homero López, president of the National Tortilla Council, explained the increase stems from a three-year lag without adjustments and costs like gas, wages, parts, and waste disposal, not just corn. He noted the flour impact is minimal, about 25 cents, and each producer will set the rise based on local conditions, higher in low-price areas.

SNIIM data as of April 13 show disparities: 33.29 pesos in Mexicali, Baja California; 15.75 in Xalapa, Veracruz; and 21.27-21.72 in Mexico City. Álvaro López Ríos of the National Union of Agricultural Workers criticized alleged collusion with firms like Maseca and demanded direct purchases from producers.

Mexico imported 3.95 million tons of corn in January-February 2026, 11% more than the previous year.

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Discussions on X largely consist of journalists and news outlets reporting President Sheinbaum's statement rejecting the tortilla price hike, citing low corn prices and instructing officials to engage producers. High-engagement posts from prominent figures echo this neutrally. A few skeptical voices from regular users doubt the government's control, predicting increases anyway.

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Marcelo Ebrard announces Mexico's lower tariffs under Trump's global levy at press conference, with comparative charts.
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Mexico to pay lower tariffs under Trump's 10% global levy: Ebrard

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Marcelo Ebrard, secretary of Economy, stated that Mexico will improve its relative position against the United States due to Donald Trump's announced 10 percent global tariff. The official noted that the average effective tariffs on Mexican exports will drop from 4.1 percent to around 2 percent. Meanwhile, Mexico's inflation rose to 3.92 percent in the first half of February, driven by new taxes and tariffs on Asian imports.

Tomato prices have surpassed 60 pesos per kilo in some Mexican self-service stores, despite PACIC commitments to keep them between 26 and 40 pesos. ANTAD president Diego Cossío Barto attributes the rise to weather factors and logistics costs. The situation highlights vulnerabilities in production, especially in Sinaloa.

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President Claudia Sheinbaum announced on March 30 that her government is negotiating a voluntary agreement with gas station owners to further reduce diesel prices, currently averaging 28.23 pesos per liter. Without fiscal stimuli, it could reach 35 pesos due to rising oil prices from the war in Iran.

Maize farmers in Kenya's North Rift who hoarded their produce expecting higher prices now risk losses as cheaper maize from Tanzania floods the market. Prices have fallen from Sh4,600 to Sh4,000 per 90kg bag, with market conditions remaining unchanged for a month. Alternative foods have also increased supply.

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Andrés Contamagna, a cattle consultant, stated that recent beef price hikes are due to seasonal factors and will not persist. He forecasts price stability in April due to falling live cattle values. Consumption is shifting toward chicken and pork amid a structurally reduced beef supply.

Asian stock markets opened in the red on Wednesday due to the US-Iran conflict, with South Korea experiencing a historic plunge in its Kospi index. Positive US employment data boosted gains in Wall Street and the Mexican Stock Exchange. President Claudia Sheinbaum assured that Mexico is working to prevent fuel price increases.

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Ethiopia's birr has depreciated sharply against the US dollar, driving up fertilizer and fuel prices. This threatens gains from a targeted 7 million metric tons wheat harvest in the 2026/27 season. The currency weakened from 75 birr to 155 birr per dollar since July 2024, a 107 percent loss in value by February 2026.

 

 

 

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