Mexico will import Japanese polished rice to enhance bilateral trade. Meanwhile, Bacardi is in negotiations to acquire Ilegal mezcal for US$200 million.
Ready for more? Here is your weekly roundup!
SADER announced that Mexico will import Japanese polished rice to enhance the bilateral trade relationship between the countries. During a workshop regarding the trade of Japanese polished rice, Victor Villalobos, Minister, SADER, highlighted that Mexico and Japan have increased agri-food trade in the past few years, following strict sanitary protocols. On March 16, 2023, Japan’s polished rice met SENASICA’s Plant Health Protocol certifications, which determined that the cereal is free of brown flour weevils.
Anonymous sources reported that Bacardi is in negotiations to acquire Ilegal Mezcal for close to US$200 million. The Cuban liquor manufacturer has owned a minor stake in Ilegal Mezcal since 2017. Analysts from Reuters pointed out that tequila sales, still largely confined to North America, are growing faster than the overall alcoholic drinks market as high-end brands help tequila shrug off its image as a party drink. During 1Q23, tequila reached the Top 3 of most exported products with more than US$1.01 billion sold in the US, China and Europe markets, as reported by MBN.
Francisca Castellanos, CEO, Crick SuperFoods, pointed out that cricket protein could replace other animal based proteins in the shrimp industry. According to Castellanos, protein percentage isn't a very big differentiator, however, there is a huge difference regarding the environmental impact. “These products are raised in controlled environments, or farms (Solà-Oriol 2020), without damaging ecosystems, such as the sites where the fish are collected to make the traditional flour,” Castellanos wrote.