Image credits: Ministry of Culture of Mexico City
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News Article

Essential Economic Sectors Must Go on

By Alessa Flores | Tue, 03/31/2020 - 12:16

Yesterday, Marcelo Ebrard, Minister of Foreign Relations, declared that Mexico would implement a state of sanitary emergency that seeks to reinforce voluntary quarantine for all those who are not part of the vital activities of the country's public life. Among the vital activities, the Minister of Foreign Relations listed the production and distribution of food, as well as, security, public sanitation and other activities. 

Mexico City’s Central de Abastos (Supply Center) is the most important wholesale market in the country after the Mexican Stock Exchange with commercial operations of more than US$8 billion, according to Mexico City’s Supply Center Trust. It is estimated that close to 5 million buyers come to this place daily to carry out more than 350,000 commercial transfers. 

The economic impact of this market is comparable to the GDP of countries like Haiti of US$8.4 billion per year, Moldova with US$8.13 billion and also exceeds that of countries like Fiji with US$5.06 billion or Montenegro with US$4.84 billion per year, according to the World Bank. It is the largest supply center operating at the international level with a size of 32ha, followed by the International Market of Rungis in France with 232ha and the Merca Madrid with 176ha.

Mexico City’s Supply Center is considered not only an important market that supplies more than 20 million people a day, but a key player in distributing more than 30 percent of the fruit and vegetables sold in the country. In addition, the products that are sold come from 24 states of Mexico, which helps determine the price of fruits and vegetables at the national level.
 

The data used in this article was sourced from:  
Ministry of Foreign Affairs, CEDA, Ministry of Economy, World Bank
Alessa Flores Alessa Flores Senior Journalist and Industry Analyst