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Ridley, ADM may have role to play in AMLO’s food price inflation battle

Ags - Grains/Beans 282 Consumer Staples 733 Mexico 839 Tariffs 1768

Mexico’s President Andres Manuel Lopez Obrador (AMLO) will aim to rein in food price inflation by “opening corn imports to have more competition”. Food inflation is spreading across emerging markets with some, including Russia and Argentina, using export restrictions rather than import liberalization. The average corn import value per ton in Mexico climbed 14.4% in May versus April to hit the highest since July 2013. Demand in volume terms increased by 15.8% year over year in May. Imports are led by Ridley Corp and Archer Daniels Midland after growth of 24.9% and 18.0% year over year res...

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