MEXICO’S NEW AGRICULTURAL PRICE SUPPORT PROGRAM STARTS WITH A WHIMPERApril 19, 2019
The Mexican government’s new price support program, launched in Zacatecas and Durango, is reportedly off to a shaky start. The program was initiated later than the long standing price support programs. As a result, for the first time many producers waited longer than usual to sell beans to participating elevators to obtain price guarantees. The Mexican industry is reportedly disappointed with the program as elevators have continued making big discounts for quality and not many have been able to comply with the new price guarantee program specs in order to qualify for the 14,500 pesos per MT. There have been a lot of complaints about this as the program is designed to help the smaller producers that do not have the means to deliver clean product.