Mexico: Industrialists warn of rising corn flour prices

Published Jun 21, 2021

Tridge summary

The National Chamber of the Dough and Tortilla Production Industry (CNIPMT) in Mexico warns of an upcoming price increase in corn flour, with an expected rise of 1,550 to 2,000 pesos per ton from July 1, translating to an average price hike of 8 to 10 percent. This significant increase could render tortillas, a staple food in Mexico, inaccessible to many Mexicans. The cost of flour, corn, gas, paper, and spare parts used in tortilla production has already surged by over 20 to 40 percent. Currently, the average price of tortillas is 17.64 pesos per kilogram, but it can reach as high as 27.00 pesos in border areas.

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

Original content

THE ONLINE REASON The National Chamber of the Dough and Tortilla Production Industry (CNIPMT) warned of an escalation of prices in corn flour, which will make the tortilla a producer out of the reach of most Mexicans Corn flour will suffer a new rise in its price.Photo: Cuartoscuro. The National Chamber of the Dough and Tortilla Production Industry (CNIPMT) warned of an escalation of prices in corn flour, which will make the tortilla a producer outside the reach of most Mexicans. Last week it was warned by its main suppliers that corn flour will suffer a new rise in its price of 1,550 and 2,000 pesos per ton from next July 1, with an average increase of 8 to 10 percent. "This is truly alarming, they are quantities that never before in the history of the industry have been given as an increase in the price of these inputs, if this continues, the price escalation will make the tortilla a product out of the reach of most of the Mexicans, because we do not know how far its price would ...

Source: Inforural