Tridge summary
Between September 9 and 12, 2022, Mexico witnessed a significant surge in the price of onions, with costs soaring by 50% in the country's main cities, reaching as high as 59.90 pesos per kilo in self-service stores in Mexico City. Despite this, the Agricultural Market Consulting Group (GCMA) confirmed an average price of 53.61 pesos per kilogram across the country. This price hike is part of a broader trend, with onion prices rising steadily from April 2022, particularly in Mexico City, Guadalajara, and Monterrey. Despite the increased retail prices, GCMA's director general, Juan Carlos Anaya, highlighted that the domestic market has managed to maintain stability, offering lower-priced onions for consumers. Additionally, he noted a decrease in the price paid to producers, making clear that the high retail prices do not necessarily reflect the costs incurred by producers, introducing a complex dynamic in Mexico's onion market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The price of a kilo of onion has increased since last April to date, with a rise of 50% in the main cities of the country. Between September 9 and 12, in some self-service stores in Mexico City, onions cost up to 59.90 pesos per kilo. Although the Federal Consumer Attorney's Office (Profeco) assured that on average it was sold at 53.61 pesos per kilogram. While in the markets of Mexico City and the Metropolitan Zone the price is between 30 and 45 pesos per kilo. According to the Agricultural Market Consulting Group (GCMA), from April to September 9, 2022, onion prices registered increases in the main cities of the country, with an average growth of more than 50 percent. The price of onions in Mexico City and the metropolitan area in April 2022 was 34.21 pesos per kilo, while as of September 9 it reached 53.61 pesos, according to Profeco and GCMA. In Guadalajara, it rose from 33.48 pesos to 54 pesos per kilogram in the same period and in Monterrey, it increased from 32.93 pesos to ...
Source: Informador
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