Greater demand for corn in China impacts tortilla prices

The increase in the international prices of corn, as a result of higher demand and the scarcity of the input, maintains an effect on the cost of the tortilla. In April, the rise in food ranged between 5.5 and 22.5 percent in the country, compared to the same period last year, according to official data. Information from the Federal Consumer Prosecutor's Office (Profeco) shows that in six cities of the national territory the product has become more expensive in tortilla shops and to a lesser extent in self-service stores. In the fourth month of the year, the federal agency found that in the capital of the country the kilogram of tortilla was sold for 16.18 pesos, an amount that translated into an increase of 11.7 percent compared to the same period last year, when it was located at 14.48 pesos. Culiacán was the Mexican city in which the greatest increase was found. In April 2020 the food was offered at 16.33 pesos, but in the same period of this year it was sold at 20 pesos, that ...