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Mexico to Halt Some Food Exports in Bid to Curb Soaring Inflation

  • Government agreed pact with firms including Walmart, Chedraui
  • Nation to ease tariffs for imports, Finance Minister says
Dough for corn tortillas is mixed at a facility in San Andres Cholula, Puebla state, Mexico, on Tuesday, May 18, 2021. In Mexico, higher corn prices have contributed to a price increase for tortillas. 

Dough for corn tortillas is mixed at a facility in San Andres Cholula, Puebla state, Mexico, on Tuesday, May 18, 2021. In Mexico, higher corn prices have contributed to a price increase for tortillas. 

Photographer: Koral Carballo/Bloomberg
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Mexico aims to cut the cost of 24 basic goods by curbing food exports and extending a pact with major companies in the latest attempt to tame soaring consumer prices. 

The government wants to cut prices for the key goods by 8% from their average peak, through February 2023, Finance Minister Rogelio Ramirez de la O said Monday.