Food Prices Rise as Mexico’s Agribusiness Sector Expands

Global food prices rose in February, while in Mexico inflation accelerated due to higher agricultural prices. Meanwhile, Nuevo Leon’s restaurant sector expects a 25%-30% sales increase during the Lent season.

This is the Week in Agribusiness!

Food Prices Surge in February Amid Rising Inflation

Global food prices rose in February, with sugar, dairy, and vegetable oils leading the increase, according to the FAO Food Price Index. In Mexico, inflation accelerated to 3.77% annually, driven by price hikes in lemons, bananas, and eggs, while poultry prices surged in the northern region due to ongoing avian flu. Meanwhile, some staple foods, including tomatoes, onions, and watermelon, saw significant price drops.

Nuevo Leon’s Restaurant Sector Expects Sales Boost During Lent

Nuevo Leon’s restaurant sector expects a 25%-30% sales boost during Lent, with seafood establishments preparing for heightened demand, according to CANIRAC. To maintain quality and competitive prices, restaurants are sourcing 85.3% of seafood nationally, while enhancing food safety measures through specialized training. Additionally, CANIRAC is prioritizing professionalization, launching an English training program to prepare staff for the FIFA World Cup 2026.

Mexico’s Meat Industry Announces MX$105 Billion Investment

Mexico’s meat industry will invest MX$105 billion over the next six years to strengthen its domestic market, focusing on plant expansion, new product development, and sustainability initiatives like solar panel installations. This announcement comes amid US tariffs on food products, which could raise meat, egg, and milk prices for Mexican consumers. Meanwhile, President Sheinbaum reaffirmed Mexico’s stance on trade negotiations, emphasizing dialogue over economic confrontation.

Finka Partners with Source.ag to Enhance Greenhouse Operations

Finka, a leading high-tech greenhouse tomato producer in Queretaro, has partnered with Source.ag to implement AI-driven solutions for optimizing crop management and profitability. This collaboration will enhance operational efficiency, improve yield predictions, and strengthen Finka’s competitive edge in Mexico’s greenhouse sector. Source.ag’s technology, used in 18 countries, supports the production of fruits and vegetables for over 60 million people worldwide.

Grasslands Enters Mexico with New Subsidiary in Queretaro

Grasslands Group of Companies has launched Grasslands Mexico in Queretaro to strengthen business relationships and improve efficiency in Latin America’s agricultural sector. Led by industry expert Manuel Martínez, the subsidiary will enhance communication, optimize supply chains, and provide tailored solutions for producers and buyers. Sandy Zielinski, CEO, Grasslands Group, emphasized that this expansion aligns with the company’s vision of a more connected and sustainable agricultural industry.