Correspondent, Mexico
Mica's Feed
Jan 20, 2011

Analysis – Corn hedging helps Mexico keep tortillas cooking

MEXICO CITY (Reuters) – More Mexican tortilla makers are turning to financial markets to hedge against the soaring cost of corn, helping to dull price spikes for the country’s staple food and reduce the chances of social unrest.

Four years ago, thousands of protesters spilt into the streets when prices for the flat corn patties jumped almost 20 percent. Now, with U.S. corn futures near 2-1/2-year highs and jitters around the world about rampant food inflation, consumers worry there will be a flashback to 2007.

Dec 30, 2010

Analysis: Taiwan’s Central American allies expand China ties

SAN JOSE, Costa Rica (Reuters) – Friendlier ties between Taiwan and China are allowing Central American nations to deepen economic links with the communist giant, increasing Chinese influence in a region dominated by the United States.

Central American businesses say the isthmus has been held back by its long support of Taiwan, a self-ruled island claimed by Beijing as part of China, denying the banana and textile exporting countries free access to the world’s No. 2 economy.

Dec 23, 2010

Mexico’s Fresnillo says to be No. 1 silver miner

MEXICO CITY, Dec 23 (Reuters) – Mexican miner Fresnillo
says aggressive expansion plans at its local mines will vault
it into first place as the world’s top silver producer next
year.

Mexico will push ahead of Peru in 2011 as the world’s No. 1
silver producer largely due to Fresnillo’s domestic growth,
Chief Executive Jaime Lomelin and Chief Financial Officer Mario
Arreguin told Reuters on Thursday. All of Fresnillo’s operating
mines are in Mexico.

Dec 21, 2010

Mexico-U.S. produce trade hit by drug war concerns

MEXICO CITY (Reuters) – U.S. importers of fresh fruits and vegetables from Mexico say they are beginning to face losses from delays after U.S. quality inspectors pulled out of Mexico fearing escalating drug violence.

The Arizona Department of Agriculture, or ADA, decided last month to stop sending inspectors to northern Sonora state to check fresh produce quality prior to import, citing fears of surging drug murders south of the border.

Dec 14, 2010

Mexico marijuana growers learn new tricks from U.S.

AMATA, Mexico (Reuters) – Farmers growing marijuana in remote Mexican mountains are adopting techniques pioneered in the United States to produce more potent pot and boost profits from the cash crop that is fueling a deadly drug war.

In the fertile mountain valleys of Sinaloa in northwestern Mexico, soldiers this year found 60 acres of covered greenhouses equipped with sophisticated irrigation and fertilization systems growing seemingly endless rows of marijuana plants.

Dec 9, 2010

Businesses seek refuge from drug war in Mexico City

MEXICO CITY (Reuters) – Mexico City, known for its high crime rates and kidnappings, is becoming a safe haven for small businesses fleeing even worse drug violence raging elsewhere in the country, especially near the U.S. border.

But even as the sprawling metropolis of 20 million people escapes the grizzliest drug murders and daytime shootouts, traffickers are moving into the city’s outskirts and threatening to encroach on the capital’s relative calm.

Dec 9, 2010

Corrected: Businesses seek refuge from drug war in Mexico City

MEXICO CITY (Reuters) – Mexico City, known for its high crime rates and kidnappings, is becoming a safe haven for small businesses fleeing even worse drug violence raging elsewhere in the country, especially near the U.S. border.

But even as the sprawling metropolis of 20 million people escapes the grizzliest drug murders and daytime shootouts, traffickers are moving into the city’s outskirts and threatening to encroach on the capital’s relative calm.

Dec 8, 2010

Businesses flee to Mexico City as drug war grows

MEXICO CITY (Reuters) – Mexico City, known for its high crime rates and kidnappings, is becoming a safe haven for small businesses fleeing even worse drug violence raging elsewhere in the country, especially near the U.S. border.

But even as the sprawling metropolis of 20 million people escapes the grizzliest drug murders and daytime shootouts, traffickers are moving into the city’s outskirts and threatening to encroach on the capital’s relative calm.

Nov 25, 2010

Mexico eyes climate funds for locally run forests

AGUA BENDITA, Mexico (Reuters) – Local landowners collectively running a small lumber yard in the pine forests of central Mexico say they are making profits from logging and cutting carbon emissions at the same time.

Eleven communities share one sawmill in the town of Agua Bendita, processing planks for furniture and construction and earning enough to convince them that saving the forest is better than clear-cutting for agriculture.

Nov 19, 2010

Lawmakers block Mexico’s crucial drug war reforms

MEXICO CITY (Reuters) – Mexico’s divided Congress is unlikely to pass President Felipe Calderon’s pivotal plans to reform the police and combat money laundering, risking a major setback in the war against violent drug cartels.

The conservative president is under rising pressure from investors, the United States and fearful Mexicans to contain a conflict that has killed more than 31,000 people in the last four years.

    • About Mica

      "I cover commodities and general news in Mexico and Central America and as part of the team in Latin America reported on the outbreak of swine flu, a coup in Honduras and the earthquakes in Haiti and Chile. Before Mexico, I was based in Guatemala for two years."
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