As of the third quarter of 2022, FEMSA reported a favorable report, with an increase in Revenues and Ebitda of 20.5% and 12.8%, respectively, according to J. Roberto Solano and Brian Rodriguez, analysts at Monex. FEMSA’s figures show an increase in Revenues and Ebitda of 18.2% and 14.0%
The Mexican government considers Pemex to be of strategic importance to Mexico, as it is a profitable public asset, in addition to being the country’s largest taxpayer, according to a World Trade Organization (WTO) report. Consequently, the federal government considers it crucial to maintain profitability and ensure the
FAO reported that a study in Mexico suggests that the higher interregional trade costs of fruits compared to maize, coupled with food livelihood constraints, prevent farmers from specializing in cash crops such as fruits. Trade costs explain much of the relative employment between corn and fruit and lower
The Food and Agriculture Organization of the United Nations (FAO) analyzed the trend in food and agricultural exports over 26 years, from 1995 to 2020. Since 1995, agricultural and food trade has more than doubled in volume and calories. It has also increased the use of natural resources
To ensure supply, Grupo Bimbo, the world’s largest bakery company, has entered into wheat hedging contracts in an environment of wheat uncertainty. Grupo Bimbo purchases large quantities of raw materials, such as wheat flour, edible oils and fats, sugar, eggs and plastics used in the packaging of its
The labor dispute over a Saint Gobain facility in Mexico was successfully concluded under the Mexico-U.S.-Canada Agreement (USMCA). On September 27, 2022, the AFL-CIO, United Steelworkers and the Independent Union of Free and Democratic Workers of Saint Gobain Mexico, a Mexican union, filed a T-MEC Rapid Response Mechanism