Mexico has an elasticity of its income from imports and exports (international trade) of 1.2, according to an analysis published by the OECD. The analysis is included in the document Economic Outlook for Latin America 2020. In general, the countries of Latin America and the Caribbean have to
The Mexican Ministry of Economy put a project for the modification of the Official Mexican Standard related to the transformation of animal offal for consultation. The deadline for submitting comments is June 19, 2021. This is the Modification Project to the Official Mexican Standard NOM-060-ZOO-1999, Zoosanitary Specifications for
In line with expectations, the peso closed the session with a depreciation of 0.62% or 12.2 cents, trading around 19.94 pesos per dollar, with the exchange rate touching a minimum of 19.7850 and a maximum of 19.9940 pesos. The depreciation of the peso was due to two factors:
Grupo KUO reported this Tuesday that it has closed 47 Maxicarne stores in Mexico from the end of 2019 to March 31, 2021. The company operates through its operating subsidiaries, mainly Grupo Porcícola Mexicano and Comercializadora Porcícola Mexicana. With operations that involve the production and sale of pork
Grupo KUO reported that its exports registered a growth of 15.4% year-on-year in the first quarter of 2021, to 7,271 million pesos. With this result, the company maintained the share of exports in total sales at 58%, the same rate at which it closed in 2020. But in
The global truck market contracted in 2020 due to the economic effects related to the Covid-19 pandemic. According to Daimler, the severe economic crisis caused demand for heavy trucks to drop dramatically in many of the international markets in which the company operates. First, the North American market