Mexico would increase its sugar production 19% in the 2020-2021 cycle, to 6.5 million tons, projected by the United States Department of Agriculture (USDA). Meanwhile, the USDA expects Mexico’s consumption to grow slightly as it faces many challenges, ranging from a weak economy that affects consumer purchasing power
Spain and Italy were positioned as the main wine exporters to Mexico in the first quarter of 2020. Mexico ranks among the countries with the fastest growing wine consumption worldwide (albeit from a low base), making it a fascinating market for european exporters. Mexican wine imports totaled $
Exports of Hass avocados and blueberries can now be made from California to the United States, as part of «Phase 1» of the trade agreement between the United States and China. This new access will provide California avocado and blueberry growers with new opportunities to market their products
As part of its franchise program, Pemex operates three partnership structures: Pemex franchise, branded product sub-license, and the sale of generic non-branded products. The company is the largest in Mexico and ranked as the 10th largest producer of crude oil and the 20th largest oil and gas company
The Mexican company Orbia (formerly Mexichem) reported that it was impacted by illegal imports of refrigerant gases to the European Union in the first quarter of 2020. These imports limited the performance of its downstream business, an effect that did not appear during the same period last year.
Mexico’s (non-oil) mining captured $ 311.5 million of Foreign Direct Investment (FDI) in the first quarter of 2020. In general, the mining industry in Mexico is dominated by Canadian companies, although there is also a significant Mexican capital involved in some of the most important mines that produce