Mexico: Extortion of lime producers in Michoacán triggers prices

Published 2023년 9월 7일

Tridge summary

Lime prices in the US have increased by 15% in recent weeks due to disruptions in lime production in Mexico caused by criminal activities. Many growers and packers in one of Mexico's main lime-producing regions have stopped working rather than paying extortions to cartels, leading to a rise in lime prices. Approximately 80% of Mexico's lime production comes from the affected region, and lime producers have warned of the possibility of further price increases if the conflict remains unresolved.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Average daily lime prices in the US shot up 15% in week 34, which represents an increase of US$4.50 compared to the prices recorded on August 24, from US$29.83 to US$34.33. The situation has become complicated in one of Mexico's main lime-producing regions, where many growers and packers have stopped working, rather than paying extortions to the cartels, causing the price of the fruit to rise. A study by the Milenio newspaper has revealed significant changes in lime prices in the markets of Morelia, the capital of Michoacán. The cost of a kilogram of lime has risen from the range of 20 to 25 Mexican pesos (equivalent to US$1.19 to US$1.49) to the range of 40 to 45 pesos (US$2.38 to US$2.68) in the last week. This price increase coincides with the cessation of work activities that has been taking place for ten days in the Tierra Caliente region of Michoacán, an area that includes a fundamental axis of lime production centered in the municipality of Apatzingán and that is ...

Source: MXfruit