The Brazilian government reported that it will temporarily eliminate tariffs on imports of corn, soybeans and rice outside Mercosur. Brazilian rice imports totaled $ 245 million in 2019, with external suppliers such as Paraguay, Uruguay, Argentina and Italy. Meanwhile, foreign purchases of corn from Brazil totaled 199 million
Mexico’s oil exports fell 36.5% in July at an annual rate, reaching 1,403.9 million dollars, informed Inegi. This amount was made up of 1,186 million dollars of crude oil sales and 218 million dollars of exports of other petroleum products. In that month, the average price of the
The peso starts the session with a depreciation of 0.13% or 2.8 cents, trading around 21.96 pesos per dollar. In the foreign exchange market, currencies show a mixed behavior, as market participants are waiting for the participation of Fed Chairman Jerome Powell in the Jackson Hole monetary policy
Imports from Mexico presented a year-on-year decrease of 26.1% in July, to 29,863.7 million dollars, informed Inegi. This figure was a reflection of decreases of 24.1% in non-oil imports and 44.4% in oil imports. When considering Mexico’s imports by type of good, annual decreases of 39.3% were observed
Exports from Mexico totaled 35,662.4 million dollars in July, a year-on-year drop of 8.9%, reported Inegi. While foreign oil sales fell 36.5%, to 1,403.9 million, non-oil sales fell 7.2%, to 34,258.5 million, at an annual rate. Within Mexico’s non-oil exports, those directed to the United States fell at
Mexican companies issued flows of Foreign Direct Investment (FDI) for 5,029 million dollars in the second quarter of 2020, according to data from the Bank of Mexico (Banxico). In the previous period, the first quarter of 2020, its emissions totaled 983 million dollars. This type of flows is