Gruma May Be Asked to Sell Mexican Plants to Boost Competition

The Federal Economic Competition Commission (COFECE) may request Gruma, the world’s largest corn flour consortium, to sell five of its production plants, aiming to improve competition in the sector and offer better prices. In other news, FAO, the Inter-American Development Bank (IDB), and the United Nations Environment Program (UNEP) called for increasing funding for initiatives to reduce food waste globally. 

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COFECE Proposes Divestment of Gruma Plants to Boost Competition

Gruma, the world's largest corn flour consortium, may be forced to sell five of its production plants. This divestment is expected to improve competition in the sector and offer better prices to consumers.

Crickets vs. Black Soldier Fly Larvae: A Culinary Revolution

Francisca Castellanos, CEO and Founder, Crick Superfoods, says crickets are gaining popularity as a sustainable food source due to their high protein content and versatility, while black soldier fly larvae (BSFL) are valued for their role in waste management and industrial applications. As the demand for healthier food options grows, she suggests these insects could help address global food needs from multiple fronts.

Inflation Drives Mexican Consumers to Eat at Home 

Mexican consumers are opting to cook at home as rising inflation makes food and dining out more expensive. The combined effects of higher prices, pandemic habits, and the desire for healthier meals are cutting into restaurant demand, affecting the restaurant industry.

Mexico, South Africa to Collaborate on Rural Development 

Julio Berdegué, Minister of Agriculture, and Mzwanele Nyhontso, South Africa's Minister of Rural Development and Land Reform, met to exchange experiences on rural development. The meeting focused on strengthening cooperation in combating poverty and enhancing agricultural practices in both countries.

Grupo Bimbo Tops Merco's Reputation Ranking 

Grupo Bimbo has been named the Most Reputable Company in Mexico for the eighth consecutive year, according to the latest ranking by Corporate Reputation Monitoring (Merco). The evaluation involved over 30,000 surveys from executives, financial analysts, education sector specialists, and other experts, reinforcing the company's leadership in the food sector.

UN Calls for Global Food Waste Cut to Achieve SDG Targets 

On the International Day of Food Loss and Waste Awareness, FAO, IDB, and UNEP, emphasized the critical need for increased funding to support efforts in reducing per capita food waste and achieving Sustainable Development Goals. a