Margarita Fans Miffed as Mexico Lime Growers Limit Supply

Lime growers in the Mexican state of Michoacan have banded together to both set prices of the fruit they sell to packing companies and control supply, spurring inflation that’s been above the central bank’s target range for the last two months.

Members of the Citrus Growers Association of Apatzingan Valley are limiting supply to guarantee a minimum price for producers, said Leonardo Santibanez, an association member and coordinator of its trade events. The policy emptied Michoacan’s main citrus market of limes on March 12 after association members told farmers not to harvest their crop that day as the group pushed for a minimum price of 23 pesos per kilo (80 cents per pound), he said.