The president of Mexico, Claudia Sheinbaum, presented programs focused on agriculture and food sufficiency during her press conference. One of the programs is the National Maize and Tortilla Plan, aimed at achieving food self-sufficiency for non-GMO white maize and reducing the price of tortillas per kilogram.
According to the Ministry of Agriculture and Rural Development, the program will have national coverage, implementing actions such as regulating the marketing of white maize, a national agreement with producers, marketers, industries, and tortilla shops, and all actors throughout the maize-tortilla chain.
Sheinbaum's six-year target is to reduce the price of tortillas in real terms by 10 percent, ensuring fair prices for producers. Other actions that will be implemented include an agreement with the Federal Consumer Protection Agency (Profeco) for permanent monitoring of tortilla prices nationwide. Additionally, direct marketing agreements for maize between producers and buyers are being sought.
Regarding fuel prices in the country, Sheinbaum applied tax incentives to regular gasoline, as published in the Official Journal of the Federation (DOF) on Friday, October 18. This time, green gasoline will have a 4.3 percent tax incentive, slightly higher than last week’s 3.9 percent support. Starting Saturday, October 19, the payment of the Special Tax on Products and Services (IEPS) will be 5.9 pesos for this fuel.
As for Premium gasoline, we are just a few days away from the one-year mark since it last received tax incentives. Due to the zero percent support, the price for IEPS payment this week corresponds to 5.21 pesos. Regarding diesel, the fuel has performed poorly in the second half of the year because it had regained its support percentage, but it was from the last week of July that tax incentives returned to zero.
