Mexico: Vegetable prices sky rocket due to the floods

The rains in various States have already resulted in the increase in prices of some fruits and vegetables, a phenomenon that could last until November, the period when harvest starts in the Northern producing States.

Manuel Cazares, President of the Tomato Product System, reported that this vegetable's wholesale price has increased by more than 20 percent in just one week, going from 170 to 200 pesos per box of 13 kilos. The retail price in some popular shopping malls and markets has already reached 24 pesos per kilo.

He also reported that the rains would also affect other products such as pumpkins, chilli and cucumbers, for which there would also be a low offer and therefore an increase in prices as long as the rains continued. In this regard, Benjamin Grayeb Ruiz, president of the National Agricultural Council, said that price increases might be temporary, as they'll have to go down soon because production tends to improve dramatically.

"The rains will improve the production even if there are floods. It means that we will have two years of good harvests in some places, these rains will always be good for the country."

According to a tour of supermarkets and street markets, other products that have been impacted by these phenomena are pumpkin, which increased from 12 to 15 pesos per kilo, and cucumber, which increased from 4-8 pesos.

According to the National Information and Market Integration System, the increases are due to the deterioration caused on the crops by the heavy rains, and, according to sources, prices are expected to stabilize when the rains subdue, as there will be enough supply for the country.


Source: Elfinanciero.com.mx


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