Guest guest Posted January 12, 2007 Report Share Posted January 12, 2007 Nice quote about living without meat but not tortillas......... Mexico leader in tortilla pledge The diversion of cheap imported US corn is worsening the situationMexico's President Felipe Calderon has pledged to intervene to tackle the soaring price of tortillas, the flat corn bread which is a local staple. The price of tortillas, the main source of calories for many of Mexico's poor, rose by more than 10% last year. Mr Calderon said the government would clamp down on speculators and search for cheaper providers of corn. But he ruled out imposing subsidies or price controls, which were lifted in the late 1990s. "We will take all the measures within reach of the federal government to avoid escalating prices," Mr Calderon said. In the meantime Mr Calderon has told his agriculture secretary to import corn to ease the problem. When there isn't enough money to buy meat, you do without - tortillas you can't do without Bonifacia YsidroMexico City resident"I don't care if it's brought from thousands of kilometres away, the most important thing is that this [shortage] is not used as an excuse to raise prices," he said on Thursday. Earlier this week, angry housewives heckled Mr Calderon at his public appearances, pleading with him to bring tortilla prices down. "When there isn't enough money to buy meat, you do without," one woman in Mexico City, Bonifacia Ysidro, told the Associated press. "Tortillas you can't do without." Ms Ysidro said she paid 25 pesos - about a sixth of her family's daily income - for enough tortillas to feed her family of six. Monopoly probe On Thursday, government officials from the Federal Competition Commission said that they were investigating claims that tortilla companies around the country were manipulating prices and restricting supplies to boost profits. "If we detect monopolistic practices, we could impose fines of up to 70m pesos [$6.4m]," commission director Eduardo Perez Motta said in a statement. Under the 1994 North American Free Trade Agreement, Mexico used to get cheap corn imports from the US, but Mexico's Economy Minister Eduardo Sojo said that with more US corn being diverted into ethanol production, supply was dwindling. Peter H Send instant messages to your online friends http://uk.messenger. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 13, 2007 Report Share Posted January 13, 2007 wotevermexico use to be a huge corn exporter the IMF and world bank ruined that and now with GMO's sliding in... Mexico's corn crop and related agriculture are in deep deep problem peter VV Jan 12, 2007 1:18 PM Re: Mexico leader in tortilla pledge Nice quote about living without meat but not tortillas......... Mexico leader in tortilla pledge The diversion of cheap imported US corn is worsening the situationMexico's President Felipe Calderon has pledged to intervene to tackle the soaring price of tortillas, the flat corn bread which is a local staple. The price of tortillas, the main source of calories for many of Mexico's poor, rose by more than 10% last year. Mr Calderon said the government would clamp down on speculators and search for cheaper providers of corn. But he ruled out imposing subsidies or price controls, which were lifted in the late 1990s. "We will take all the measures within reach of the federal government to avoid escalating prices," Mr Calderon said. In the meantime Mr Calderon has told his agriculture secretary to import corn to ease the problem. When there isn't enough money to buy meat, you do without - tortillas you can't do without Bonifacia YsidroMexico City resident"I don't care if it's brought from thousands of kilometres away, the most important thing is that this [shortage] is not used as an excuse to raise prices," he said on Thursday. Earlier this week, angry housewives heckled Mr Calderon at his public appearances, pleading with him to bring tortilla prices down. "When there isn't enough money to buy meat, you do without," one woman in Mexico City, Bonifacia Ysidro, told the Associated press. "Tortillas you can't do without." Ms Ysidro said she paid 25 pesos - about a sixth of her family's daily income - for enough tortillas to feed her family of six. Monopoly probe On Thursday, government officials from the Federal Competition Commission said that they were investigating claims that tortilla companies around the country were manipulating prices and restricting supplies to boost profits. "If we detect monopolistic practices, we could impose fines of up to 70m pesos [$6.4m]," commission director Eduardo Perez Motta said in a statement. Under the 1994 North American Free Trade Agreement, Mexico used to get cheap corn imports from the US, but Mexico's Economy Minister Eduardo Sojo said that with more US corn being diverted into ethanol production, supply was dwindling. Peter H Send instant messages to your online friends http://uk.messenger. What gets us into trouble is not what we don't know, it's what we know for sure that just ain't so. - Mark Twain Quote Link to comment Share on other sites More sharing options...
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