LatinNews Daily - 11 June 2020

* Mexico’s agriculture and rural development ministry (Sader) has reported that the value of the country’s agricultural exports increased by 6.4% to US$7.32bn in the first four months of the year, compared to the same period in 2019. According to Sader, the result was driven by a 52.7% increase in coffee exports and a 4.9% increase in avocado exports during the period. Sader noted that this is the second highest value of exports recorded for the January-April period in the last 28 years, and emphasised that the agricultural sector is currently one of the main driving forces of the national economy. Mexico’s GDP contracted by 1.4% year-on-year in the first quarter, but Sader noted that according to figures from the national statistics institute (Inegi), activity in the agricultural sector increased by 1.4% year-on-year in the first three months of 2020.

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