Mexico announced last month that it is suspending import duties on 66 tariff lines for food and input items in order to fight inflation. The suspension will be in force for one year, or until May 2023. It is part of the Program to Combat Food Price Inflation and Scarcity (PACIC, Spanish acronym). Among the items covered are: corn oil, rice, sorghum, wheat, rice, pork, beef, chicken, white corn, corn flour, wheat flour, eggs, milk, onions, jalapeño peppers, beans, tomatoes, lemons, apples, oranges, potatoes, carrots, and certain pastas. Additionally, live cattle, swine, sheep and goats, and poultry are also exempt from duties. Note, this only applies to duties, not to other non-tariff regulations. Under USM...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.