Mexico to Suspend Import Duties on Food Staples to Tackle Inflation

Mexico will waive import duties for one year on a range of household staples, including pork, in a bid to curb inflation, the government said.

Mexican flag
Mexican flag
(Farm Journal)

Mexico will waive import duties for one year on a range of household staples, most of them foodstuffs, in a bid to curb inflation, the government said in its official gazette on Monday.

The products on the government list included pork, corn oil, rice, tuna, chicken, beef, onions, jalapeño peppers, beans, corn flour, wheat flour, eggs, tomatoes, milk, lemons, white corn, apples, oranges, wheat and carrots.

Bread, potatoes, pasta for soup, sardines, sorghum and hand soap were also listed in the decree.

Duties would also be suspended on imports of live cattle, pigs, sheep, goats and chickens, the government said.

The government said the waiver on the household staples would take effect from Tuesday and be in force for a year. The waiver on livestock would enter force pending the approval of Mexico’s foreign trade commission, it added.

The measures could be extended for another year, it added.

(Reporting by Dave Graham; editing by Philippa Fletcher and Jason Neely)

More from Farm Journal’s PORK:

Manage Production Costs for a Profitable Future

Pork Daily Trusted by 14,000+ pork producers nationwide. Get the latest pork industry news and insights delivered straight to your inbox.
Read Next
National Pork Board’s Chief Veterinarian outlines critical biosecurity measures and clinical signs to watch for as this parasitic fly expands its range. As one veterinarian said, “The best thing you can put on your animals now is your eyeballs.”
Get News Daily
Get Markets Alerts
Get News & Markets App