Soaring tortilla prices are hitting Mexico's relatively poor population and are leading to attempts at price control, according to Rowland Nethaway, writing in the Waco Tribune-Herald. The price of tortillas was floated in 1999 when Mexico joined Nafta after the government was assured that there would be plenty of US corn, which would keep the price low... now rising food prices are hitting people on the border of the US.
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Could soaring tortilla prices help destabilise Mexico
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Comments (2)
The BBC report that tortilla flour has gone up by up to 400%. Not sure what the time period for that is though.
Posted by Michael | February 1, 2007 10:01 AM
Posted on February 1, 2007 10:01
Economically speaking this has implications over a wide range of products including meat and milk Which are both derived from corn fed livestock.
Where Corn is grown by season I'd guess that more will be grown this year both in the US and across the border in Mexico not to mention Canada.
Posted by Bob | February 1, 2007 12:00 PM
Posted on February 1, 2007 12:00