Rise in the price of corn led to historical highs in the price of tortillas in Mexico

Corn producers warned this Monday (4) that the high prices of this product have triggered the tortilla pricesan icon of Mexican Kitchen and base of the national diet, to historical maximums in the past month of March.

Alvaro Lopez Riosgeneral secretary of the National Union of Farm Workers (UNTA), specified in a bulletin that during the last week of March the average price of tortillas nationwide reached its maximum level, reaching 20.02 pesos per kilogram in traditional tortilla.

Meanwhile in self-service stores the price was 13.65 pesos per kilo, which meant an increase of 24.7% and 11.7% compared to the same date in 2021.

He pointed out that in the Metropolitan Area of ​​the Valley of Mexico the frequent price is 20 pesos per kilo; however, there are entities in which the price reaches up to 27 pesos per kilogram.

“The foregoing is derived from a 21% rise in the price of corn in the national market between March 2021 and March 2022, going from 6,057 pesos per ton to 7,327 pesos per ton,” he asserted.

In addition, he said, in this same period the future price rose by 36.5%, “accentuating a greater increase after the outbreak of the conflict between Russia and Ukraine”.

This is due to the fact that prior to this situation, both nations together supplied 19.5% of world cereal exports and currently it is estimated at 16.6%, a reduction of 6 million tons.

Lopez Rios pointed out that in the last seven years the production of corn in Mexico not only has it not increased, but it has registered a negative average annual growth rate of 0.6%.

The leader also warned that for the next agricultural cycles SS 2022 and OI 2022/23 There are risks, because although the grain registers good prices, the main fertilizers used in agriculture increased average prices by 153% between March 2021 and so far in April 2022.

Added to this is the scarcity of water for irrigation, which would slow grain production.

Similarly, he said that the AW 2021/22 harvest that is about to begin will have a drop of 8.3% compared to the 2020/21 period, with 7.2 million tons, which would impact further increases in the price of tortillas. .

“These (increases) could range between 4 and 5 pesos per kilo, and up to 7 or 8 pesos per kilogram in some entities in the north of the country,” he warned.

With information and image from EFE