💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Mexico Hopes to Resolve Avocado Spat With U.S. in Coming Days

Published 16/02/2022, 07:24 am
© Reuters.

(Bloomberg) -- Mexico says it hopes to resolve the U.S. ban on avocado imports in a matter of days after finding the source of a threat to an inspector that triggered the suspension.

The country’s presidential spokesman Jesus Ramirez played down the nature of the threat to the U.S. inspector, but said the government is working with its northern neighbor to guarantee everyone’s safety.

The ban on avocados from Michoacán, a coastal state just west of Mexico City that has been plagued with violence in recent years, went into effect on Feb. 11 after an inspector said he received a threatening call to his cell phone. Mexican President Andres Manuel Lopez Obrador responded by suggesting there were political and economic interests at play in the U.S. decision.

Ramirez, who said he didn’t personally know the culprit’s identity, said the threat wasn’t concerning. “It has no importance,” he said in a phone interview with Bloomberg News, saying he understands it wasn’t a “direct threat.” He noted that Mexico’s national guard accompanies inspectors to ensure their safety. “There’s no problem so we’re going to see what more is required.” 

Separately, Mexico’s avocado export group APEAM met with several U.S. and local authorities to review security measures and protocols, according to a tweet from the organization.  

Mexico accounts for 80% of the U.S. market, and the ban could drive up prices for American shoppers on yet another product in an economy grappling with its worst inflation surge in four decades. 

Read More: Avocado Spat Brews After U.S. Inspector Is Threatened in Mexico

©2022 Bloomberg L.P.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.