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Page added on May 15, 2008

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Mexican tortilla prices ‘up 18%’

The price of tortillas, a staple food in Mexico, are set to rise 18% in the next few weeks, an industry group says.


… The National Chamber for the Tortilla and Dough Industry told Reuters that prices would rise from 8.5 pesos (42 pence) a kilo now to 10 pesos in June.


The government said it would work to make sure that did not happen.


Tortilla prices are not state-controlled in Mexico, but the economy minister Eduardo Sojo said the government would use measures such as offering subsidies for transport and warehousing to stop them rising.


… Rising costs of corn and fuel sent the prices of the corn pancakes up by more than 10% last year.


A local newspaper report suggested that prices could go up as high as 12 pesos a kilo in the next few weeks.


BBC



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