Feeds

Bio-fuels trigger tortilla price bubble

Flatbread prices rising in Mexico

Choosing a cloud hosting partner with confidence

Demand for eco-friendly bio-fuels in the US is being blamed for a massive rise in the price of corn in Mexico. The recent 400 per cent increase in the price of a tortilla has driven thousands of Mexico's poorest people onto the streets in protest.

The country has been entitled to cheap corn imports from the US for some time, under the terms of the 1994 North American Free Trade Agreement. However, as demand for corn in the US has increased, driven by the manufacture of bio-fuels, the amount of corn available to Mexico has reduced considerably.

According to BBC reports, many business groups have signed up to an agreement to cap the price of corn. It would put a maximum price on the crop of 77 US cents per kilo, but since it is not legally binding, it is being widely ignored.

Corn is the staple grain in Mexico, and makes up the main part of the diet for many people. Since the surge in the cost of tortillas, many are spending up to a third of their income on the flat breads.

The Mexican government has responded by promising to tackle hoarding and speculation. President Felipe Calderon also says he has instructed his agriculture secretary to import corn to improve the supply of the grain. ®

Security for virtualized datacentres

More from The Register

next story
Every billionaire needs a PANZER TANK, right? STOP THERE, Paul Allen
Angry Microsoftie hauls auctioneers to court over stalled Pzkw. IV 'deal'
Apple's Mr Havisham: Tim Cook says dead Steve Jobs' office has remained untouched
'I literally think about him every day' says biz baron's old friend
Flaming drone batteries ground commercial flight before takeoff
Passenger had Something To Declare, instead fiddled while plane burned
Cops apologise for leaving EXPLOSIVES in suitcase at airport
'Canine training exercise' SNAFU sees woman take home booming baggage
WRISTJOB LOVE BONANZA: justWatch sex app promises blind date hookups
Mankind shuffles into the future, five fingers at a time
Jony Ive: Apple iWatch will SCREW UP Switzerland's economy
Apple's chief designer forgot one crucial point about overpriced bling
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.