Processed Food Exports Broke Record in 1H22
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Processed Food Exports Broke Record in 1H22

Photo by:   Gabriella Clare Marino - Unsplash
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Eliza Galeana By Eliza Galeana | Junior Journalist & Industry Analyst - Wed, 10/12/2022 - 13:34

Processed food products broke export records by growing 24.1 percent and generating US$7.71 billion in profits during 1H22. In other news, Mexico hosts the First International Date Palm Festival and the Annual Spanish Gourmet Food and Wine Exhibition.

Ready for more? Here is your weekly roundup!

 

Processed Food Exports Break Record: Banxico

According to Banxico’s 1H22 data, Mexico’s processed food products broke export records by growing 24.1 percent and generating US$7.71 billion in profits in 1H22, against results from 1H21. Among the main exports in 2022 are pastry products representing US$1.82 billion, US$835 million in confectionery products without cocoa, US$673 million in preserved fruit products, US$612 million in solid sugar cane and beet products and US$582 million in chocolates.

Mexico Will Host the First International Date Palm Festival

The Ministry of Agriculture and Rural Development (SADER) and the Government of Sonora welcome the First International Date Palm Festival to be held on Nov. 9-13 in San Luis Río Colorado, Sonora, as well as in Mexicali, Baja California. The festival seeks to promote sustainable agricultural practices, post-harvest management, health control, technological development and the genetic improvement of the Medjool date among producers and the agro-industry. National date production reaches up to 20,300t/y, of which 10,000 tons are exported to markets in the Middle East and North Africa, among other regions. Baja California and Sonora are the main producers of dates in the country.

Mexico City Holds Annual Spanish Gourmet Food and Wine Exhibition

The Annual Spanish Gourmet Food and Wine Exhibition, organized by the Economic and Commercial Office of the Spanish Embassy in Mexico and the Spanish Institute for Foreign Trade (ICEX) was held in early October in Mexico City. The objective was to present Spanish companies to Mexican importers and distributors, from large supermarkets like Walmart to local shops and restaurants in the capital or in other highly touristic cities, such as Cancun. In 2021, Spain’s exports to Mexico accounted for €4.11 million (US$4.01 million), 28 percent more than in 2020. Mexico is the main Spanish export destination in Latin America and a global leader in the importation of wine, olive oil and cured sausages.

Agrovoltaic Chinampas Would Boost Clean Energy, Agriculture

By installing solar panels on farmland, photovoltaic energy enables crops to grow while generating electricity. In Mexico, members of the IER have proposed a project to use photovoltaic solar technology in the chinampas of Xochimilco, in the south of Mexico City. The main goal would be to preserve ancestral agricultural practices while providing the necessary energy for water treatment to get clean water for irrigation. In addition, solar panels would provide shade to crops, mainly vegetables, which would benefit from such a system.

International 

Yellen Asks to Boost Aid for Food Insecurity

Janet Yellen, US Treasury Secretary, urged finance and agriculture ministers from the G20 to help the 70 million people at risk of acute food insecurity created by the ongoing Russia-Ukraine conflict. 

The US Agency for International Development (USAID) has already announced a partnership with Bayer to address the immediate and longer-term demand for corn among those that depend on Ukraine for seeds. Bayer plans to invest approximately $34.9 million (35 million euros) to improve its seed processing facility in Pochutky, Ukraine.

 

Photo by:   Gabriella Clare Marino - Unsplash

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