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In May the prices of agricultural products rebounded in the BMC

Published Jun 23, 2020

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In May, the Agricultural Price Index of the Colombian Mercantile Exchange (Ipabmc) presented an increase of 0.83%, with which the increase so far this year stood at 16.85% and in the last twelve months at 20 , 18%. According to the Mercantile Exchange, "this strong impulse came mainly from two channels: on the supply side, restrictions on mobility due to confinement have made activities related to the sector, both in production and supply, have reduced and, in some cases, stagnated ”. (Read: They will streamline processes for importing agricultural products to Colombia) On the other hand, prices have been pressured upward due to higher spending on food by households. In May, the fruit and tuber groups were the ones that contributed the most to the growth of the Index. Also, according to the BMC, there were groups that showed reductions in their prices. Among them, palm or palm kernel products stand out (-11.3%), pork (-10.3%) and imported corn (-2.3%). In general, the Ipabmc has ...
Source: MXContexto
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