Corn tortilla prices are increasing in Mexico. Here’s what Americans can expect – By Josh Rivera (USA Today) / May 2 2021
From tortillas to cornbread, some of your favorite corn-based dishes may go up in prices this summer.
Corn has been leading the rally among grain commodities, rising more than 30% in 2021, according to MarketWatch.
Roberto Aguilar, editorial director for Forbes México, told CNN that higher corn prices have contributed to a price increase for tortillas. CNN reported that some zones in Mexico are nearing 20 MXN (or $1 USD) per kilogram of corn tortilla – last year the national prices hovered between 9.7 to 18 MXN (or 0.48 to 0.89 USD). An ear of corn could potentially make around 10 small tortillas.
The grain touched its highest prices in nearly eight years, outpacing the rally for other agricultural crops like wheat and soybeans.
