Mexico: Sugar price drops 15% for the first time in 11 years

Consumed excessively by eight out of 10 Mexicans, sugar became 15.1% cheaper during the first half of October, according to the monitoring that the National Institute of Statistics and Geography (INEGI) carries out throughout the country. This is the third consecutive fortnight of decline, as well as the first time that the average price of the sweetener has been reduced by 15% in almost 11 years. The World Health Organization (WHO) explains that consuming sugar is not harmful, but what is detrimental to health is doing so in excess, since it recommends that a person with a normal body mass not exceed 5% of the daily caloric intake, that is, about 25 grams of the sweetener. Accessible credits are being prepared to obtain housing; this is how they would work Inegi records indicate that stores in Mexico City sold sugar 10.3% cheaper than in the same period last year; those from Guadalajara, 9% below; and those from Monterrey just 0.3% less. Behind this is the surplus of inventories ...