AreaMexico

Commodity GroupRice

CommodityAll

Date04/05/2022

Policy CategoryConsumption and marketing

Policy InstrumentConsumer prices

DescriptionUnveiled the Program to Combat Food Price Inflation and Scarcity (Paquete Contra la Inflación y la Carestía - PACIC), designed to stabilise prices of necessities and bolster food production. It further announced that an agreement had been reached with private sector operators to keep consumer prices of staples, including rice, unchanged for six months, with the possibility of an extension. In addition to interventions geared at containing internal transport costs and expediting handling of goods at customs points, among others, the PACIC foresees the temporary suspension of import duties levied on 26 necessities and commodities used in food processing, including paddy.