Mexico, corn prices to increase as much as 30 percent

Posted on November 25, 2011 • Filed under: Agriculture, Economy, Enviromental Issues, Mexico, Weather/Climate

The worst drought in 70 years to hit most of the country, and in Queretaro has caused the loss of more than 36 000 hectares of temporary and 60 000 tonnes of maize, will cause an increase in grain prices up to 30 percent, said the secretary of Agricultural Development of the entity, Manuel Valdés Rodríguez.”There is a very strong inventory (grain) and corn prices probably will tend to increase in coming months. Read Article

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