News From the Border

Providing the news from a different front but from a war that we must win as well! I recognize the poverty and desperate conditions that many Latinos live in. We, as the USA, have a responsibility to do as much as we can to reach out to aid and assist spiritually with the Gospel and naturally with training, technology and resources. But poverty gives no one the right to break the laws of another sovereign nation.

Monday, January 15, 2007

Mexicans fuming as tortilla prices skyrocket

By Frank Jack Daniel
REUTERS
AP Photo

MEXICO CITY – The humble tortilla, fundamental to Mexican nutrition and culture since before Aztec times, is at the center of a storm over rising prices that could mean trouble for new President Felipe Calderon.

Growing U.S. demand for corn-based ethanol has led the grain to its highest prices in 10 years and pushed up costs south of the border for tortillas, the thin, flat corn patties that accompany almost every Mexican meal.

Facing rising public anger and the possibility of a jump in inflation, Calderon has vowed to scour the planet to import cheaper corn and clamp down on price speculators.

Tortilla prices rose 25 percent to 10 pesos (91 cents) per kilogram (2.2 pounds) this week in Mexico City, and have gone even higher in other parts of the country.

Labels:

posted by missionaryman | 10:16 AM

0 Comments:

Post a Comment

<< Home