August 1

BMV: BANKS STAND OUT FOR THEIR PERFORMANCE ON THE MEXICAN IPC (ÍNDICE DE PRECIOS Y COTIZACIONES)STOCK MARKET INDEX IN JULY. (EL CEO ONLINE)

Gruma rises to the top: After the banks, Gruma reported the best performance last month, as its shares were up 13.90% on the BMV (Mexican Stock Exchange), in addition to the company being favored by a reduction in global corn prices. These falling commodity prices mean we can recover our profit margins because of the effect produced by these results that are contrary to the earnings reported in the first six months of the year due to the Russia-Ukraine war.

Sales in Europe and the United States bolster Gruma’s economic strength Sdpnoticias.com; Enfoquenoticias.com.mx

Mexican company Gruma, the world’s largest producer of nixtamalized corn flour, tortillas and wraps, improves its economic strength thanks to sales in the United States and Europe. Amid an international economic slowdown, high inflation rates and rising grain prices, especially corn, Gruma maintains its economic strength thanks to its operational revenues and increased sales growth.

August 3

THE MAGNIFICENT SEVEN CRUSH IT. (REFORMA 5)

The return to normal life abroad boosted the sales of seven companies based in the northern state of Nuevo León in Mexico, despite price increases and input shortages. In the second quarter, Alfa, KOF, Arca Continental, Cemex, Gruma,Lamosa, and Cydsa sold USD 9.895 billion in products abroad, for an annual growth of 18.7%, representing 60.5% of their total revenues, according to an analysis carried out by the Mexican newspaper Reforma…

August 8

Corn tortillas recommended to ensure children’s healthy growth  Excelsior.com.mx; Sdpnoticias.com

Ensuring their child’s healthy growth and development is a mother’s top priority, and the consumption of corn tortillas is essential to this task, said Araceli Martínez Coronado, a nutritionist certified by the Mexican College of Nutritionists. The nutritionist said corn tortillas are one of the best allies to ensure a child’s healthy development since they are cholesterol-free and have high-fiber, low-calorie, and low-saturated fat contents. The nutritionist explained that now that kids are home for summer vacation, it is important to serve them nourishing meals with tortillas they can make with nixtamalized corn flour, such as Maseca or other brands for sale in Mexico, that are fortified with folic acid, vitamins B1 and B2, zinc, calcium, and iron that help prevent anemia and boost their immune systems.

August 13

MASECA GROUP SUPPORTS AGRICULTURAL PRODUCTION IN MEXICO. (ENFOQUE NOTICIAS ONLINE) (SDP NOTICIAS.COM ONLINE)

For several years, Grupo Maseca (Gruma) has been a business role model supporting the Mexican farmland as it works with state, municipal, and federal governments promoting programs on increasing crop productivity to benefit farmers in several states across Mexico. These actions are part of the company’s social commitment as an international leader in the production of nixtamalized corn flour, tortillas and wraps and a reflection of its consistent work focused on the subject matter. In 2021,Gruma began to support farmers in Baja California to promote white corn crops in a coordinated effort with the state government and different programs led by the Secretariat of Agriculture and Food Security (SCSA, acronym in Spanish).

August 19

J. JESÚS RANGEL M. / TUG-OF-WAR. (MILENIO DIARIO 22)

Between December and May, the average price of exports of U.S. natural gas to Mexico by pipeline was up 68.43%, from USD 4.53 to USD 7.63 per 1,000 cubic feet of gas. The last price is the highest since February 2021, when it stood at USD 26.96, according to the latest data published by the U.S. Energy Information Administration (EIA). The natural gas flows from the Permian Basin in west Texas to Northwest, Central, and Southwest Mexico via the Chihuahua-to-Bajío corridor (including the Samalayuca-Sásabe pipeline system) and the Wahalajara system. So far this year, exports from this system have increased and displaced some U.S. pipeline exports from Arizona. Sales from Brownsville, Texas, are the largest, rising from 22.887 billion cubic feet in December to 32.90 Bcf in May. This is important because the price of corn and tortillas has a lot to do with the increase in subsidized gas and electricity, paper, spare parts and freight costs, as explained by tortilla makers, analysts and specialists in the field. Between January 2020 and July 2022, the international prices of white corn for human consumption were up 70.5%, while tortillas prices rose 41%. It is important to remember that 65% of all tortillas are made primarily with nixtamalized corn dough, compared to the 35% made with corn flour divided as follows: 25% is made by Maseca, 8% corresponds to Minsa, Harimasa makes 1%, and 0.50% corresponds to Cargill. The pressures on the price of tortillas are clear. 

August 23

(PHOTOS) FIVE MEXICAN BRANDS THAT TRIUMPHED IN OTHER PARTS OF THE WORLD. (RADIO FÓRMULA.MX ONLINE)

Excellent strategic planning, constant efforts, and years of hard work are the tools that have led several Mexican companies to succeed both in Mexico and abroad, such as Maseca. This brand, owned by Grupo Industrial Maseca (GIMSA), a Mexican subsidiary of Gruma, is known for its nixtamalized corn flour products used to make a variety of Mexican dishes. In addition to being present in kitchens across Mexico, it is sold in different countries across America, Europe, Asia, and Oceania.