Tortilla price sky high

Corn producers warned this Monday that the high prices of this product have triggered the prices of tortillas, an icon of Mexican cuisine and the basis of the national diet, to record highs in March.

Álvaro López Ríos, general secretary of the National Union of Agricultural Workers (UNTA), stated 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.

While 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 Zone 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.

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

The leader also warned that for the next agricultural cycles PV 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 April 2022.

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

Similarly, he said that the OI 2021/22 harvest that is about to start 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 from the EFE agency.- Taken from MásInformacion