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.

Ohun tí àwọn ènìyàn ń sọ

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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Illustration of Mexico's inflation rising to 4.63% in March 2026, featuring a market scene with rising prices and a billboard display.
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Mexico's annual inflation rises to 4.63% in early March

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Mexico's National Institute of Statistics and Geography (Inegi) reported annual inflation at 4.63% for the first half of March 2026, exceeding analysts' estimates. The National Consumer Price Index (INPC) rose 0.62% from the previous half-month period.

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.

The Mexican export blend price hit 99.21 dollars per barrel, its highest in over three years and eight months, driven by Middle East tensions. This exceeds the SHCP's 2026 forecast by 80.7%. Fuel prices in Mexico rose moderately, with diesel most affected.

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Finance Minister Germán Ávila announced a $400 increase in gasoline prices starting May 1. The move reverses prior cuts from January and February amid international pressures and high oil prices. The national average price will reach $15.749 per gallon.

President Javier Milei revealed a reduction in export taxes on wheat and barley during an event at the Buenos Aires Grain Exchange.

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The Mexican peso appreciated 0.07% against the dollar on April 27, closing at 17.38 units, due to stalled negotiations between the United States and Iran. President Donald Trump canceled the second round of talks scheduled in Pakistan, while Iranian representatives traveled to Russia. Global markets showed mixed reactions to the uncertainty.

 

 

 

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