LatinNews Daily - 30 May 2022

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In brief: Mexican gov’t to boost corn supplies

* Mexico’s government has committed to purchasing 521,000 tonnes (t) of corn through its food security body, Segalmex, as part of a wider anti-inflation plan. In a statement, Mexico’s agriculture and rural development ministry (Sader) said Segalmex will purchase corn from national suppliers to help build up a reserve of 800,000 t and guarantee a supply of corn to the most vulnerable in the country. Segalmex also plans on providing up to 150,000 t of corn for the dough and tortilla industry. According to Segalmex director, Leonel Cota Montaño, the organisation already has 279,000 t of corn in its warehouses. The corn will be used mainly to supply the more than 20,000 Diconsa community stores, which provide affordable food for around 22m people living in poor rural communities and require on average 600,000 t of corn per year. The scheme is part of the government’s wider anti-inflation plan, known as the package against inflation and high prices (Pacic), which aims to shelter consumers from the rising prices of basic goods.

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