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Mexico: Price of oranges increased by 90% compared to 2013

The price of oranges in Mexico continues to rise. According to the SNIIM, last week prices increased by 5.49 percent, amounting to an average 90.24 percent from a year ago. 

The agency detailed in its most recent report that the wholesales prices for the small calibres of Valencia orange were at 9.10 pesos per kilogram, 4.6 percent more than the 8.70 pesos price they had a week ago. 

The records detail that the same fruit was being traded at an average of 4.22 pesos per kilogram a year ago, so the current price for this variety has increased by 115.63 percent. 

The SNIIM said that the prices of the medium calibres of this citric rose from 9.40 pesos to 10 pesos per kilogram; i.e. a 6.38 percent increase. 

A year ago, this fruit was worth 5.82 pesos per kilogram, thus its price has increased by 71.82 percent in one year. 

In its report, the agency explained that the country's supply of this fruit is limited because, currently, only the mayera variety from Veracruz is in its harvest season. 

The report also said that this harvest was smaller in magnitude compared to the 2,150,000 tons harvested in the same cycle last year. 

"Consequently, the average price increased a little more," stated the report. 

"We expect that some volumes of the ramillete orange, also from Veracruz, will enter the market in the next fortnight, which might help stop or moderate the upward trend in prices." 


Source: noticiasnet.mx

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