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Economics

Mexico Seeks to Tame Tortilla Prices by Putting 50% Tariff on White Corn Exports

  • Spike in food prices has been major contributor to inflation
  • Mexicans consume over 330 kg of white corn per person annually
Inside A Tortilla Facility As Prices Rise
Photographer: Koral Carballo/Bloomberg
Updated on

Mexico introduced a temporary 50% tariff on exports of white corn used in basic food as it seeks to contain a spike in the price of tortillas, one of the country’s staples. 

The duty, which will be in place through June 30, seeks to guarantee that local production remains in the country and that white corn prices stabilize, according to the decree signed by President Andres Manuel Lopez Obrador and published Monday. Imports of the grain used for human consumption will be exempted of tariffs.