May 2

Grupo Gruma and INIFAP enter into an agreement that promises to help farmers in Tlaxcala

SDPnoticias.com Milenio.com Grupo Maseca 

(Gruma) and the INIFAP (National Institute for Agricultural Forestry Research) entered into an agreement promising direct help to farmers in Tlaxcala. The agreement seeks to ensure that farmers in Tlaxcala can sell their crops directly to the company. For several years, the company has maintained an investment and support relationship with farmers and INIFAP.

May 3

STOCK MARKET KICKS OFF WEEK ON THE RISE. (EXCÉLSIOR 1) (EL NORTE ONLINE (NUEVO LEÓN)) (REFORMA ONLINE) (MURAL ONLINE (JALISCO)) (PULSO ONLINE (SAN LUIS POTOSÍ)) (EL ECONOMISTA ONLINE) (INVESTING.COM ONLINE) (EL CEO ONLINE)

The S&P/BMV (Mexican Stock Exchange) CPI began the month on a positive note, advancing 0.91% to 51,887.47 units. The shares with the highest gains of the session were those of Bimbo, with a 6.66% growth, followed by Banorte with 4.73% and Gruma with 4.71%. In Mexico, Femsa's report became relevant as the company reported an 18.6% growth in revenues and a 16% growth in EBITDA during the first quarter. The Logistics and Distribution division was included in this period, with a 48.3% rise in revenues and 39.0% growth in EBITDA. The business is located primarily in the United States. However, Femsa's net income fell 6.6%, which caused its shares to close with a 1.50% loss. The trading session was also positive in the United States, where the Dow Jones, S&P 500 and Nasdaq were up 0.26%, 0.57% and 1.63%, respectively.

“NOT EVEN JUDAS DARED TO DO SO MUCH"; SHOWS ENTREPRENEURSHIP WITH MANTECADAS BIMBO. (MERCA2.0 ONLINE) (MERCADO EMERGENTE ONLINE)

Large companies in the food industry are essential to satisfying the hunger and cravings of millions of people, where Mexicans have proven to have their respective favorite brands. According to the Statista study showing the companies in the food industry reporting the highest sales in Mexico in 2020, Grupo Bimbo led the group with MXN 331 billion, Sigma Alimentos ranked second with MXN 135.98 million in sales, followed by Gruma that came in third with MXN 91 billion, and PepsiCo Alimentos, with MXN 84 billion, among other brands, such as Grupo Lala, Industrias Bachoco, and Nestlé. 

May 5

THEY ANNOUNCE 16 MEASURES AGAINST INFLATION; THE STRATEGY RAISES DOUBTS. (EL ECONOMISTA PP-4) (EL FINANCIERO PP-4)(EL HERALDO DE MÉXICO PP-6-7) (EL UNIVERSAL PP-21) (MILENIO DIARIO PP-16-17)

The federal Government presented, supported by the country’s entrepreneurs, released the Package Against Inflation and Famine (Pacic) seeking to contain the increase in food prices. During the next six months, consumers will have a guaranteed price on 24 basic basket products, including rice grains; canned tuna; brown sugar; beef steak; onions; jalapeño peppers; beans in grain; white eggs; body soap; milk; lemons; tomato; box bread; toilet paper; whole chicken, and corn tortillas. "It is not about price controls because we believe that the supply and the reduction of costs stimulate competitiveness," said the Secretary of Finance, Rogelio Ramírez de la O. For his part, Francisco Cervantes Díaz, president of Mexico's Coordinating Business Council (CCE) said that the sector is willing to mitigate the adverse effects of inflation, especially among the low-income populations. Also present at the event held at the National Palace were Antonio del Valle Perochena, president of the Mexican Business Council (CMN); Vicente Yáñez, executive president of the National Association of Supermarket and Department Stores (ANTAD); Juan Cortina, president of the National Farming Council (CNA); and José Medina Mora, president of the Confederation of Employers of Mexico (COPARMEX). Carlos Mijares, commercial director of Bachoco; Gonzalo García Méndez,commercial director of Maseca;Liliana Mejía Corona, Global Vice President of Corporate Affairs at Grupo Bimbo…

PRESIDENT LÓPEZ OBRADOR TALKS ABOUT CONSUMER BASKET COSTS(ENFOQUE (MATUTINO)

Mario González: We go to the press conference, where President López Obrador is already speaking... Andrés Manuel López Obrador: We will inform people about consumer basket costs in grocery stores; this is done by the Federal Consumer Protection Bureau, which will announce who is who in terms of consumer basket prices. We are glad to have the Walmart representatives here, one of the chains with a strong presence in the country. Chedraui and Soriana have done the same and are willing to help producers and distributors; those involved in the corn flour business, such as Maseca,are helping.

MEXICAN COMPANIES SET ON RECOVERING THE MARKET IN THE U.S. WITH 5 DE MAYO Milenio.com

Companies like Herdez, Gruma,Bimbo and José Cuervo are in great demand on this day. Statista information shows that Gruma,with its Mission and Guerrero brands, has a captive audience of 96.5 million consumers, much more than Taco Bell, a non-Mexican company.

May 6

ANTI-SHORTAGE PLAN WOULD HELP CONTAIN A THIRD OF INFLATION. (EL FINANCIERO ONLINE) (MI BOLSILLO ONLINE) (ANIMAL POLÍTICO ONLINE)

The Mexican Government plans to reduce inflation by up to a third and contain prices in 24 products of the consumer basket costs with production, distribution and foreign trade strategies and the will of companies such as Walmart, Bimbo, Lala, Bachoco, Maseca,and Kimberly Clark. According to Secretary of Finance Rogelio Ramírez de la O, the Government will support production with fixed gasoline prices, and it will increase the production of grains through its Sowing Life and Production for Well-being programs while also increasing the delivery of fertilizers from four to nine states, thus expecting to generate two million more tons of grains.

May 12

THEY RECOGNIZE THE WORK DONE BY EMPLOYEES AND VOLUNTEERS IN THE FIRE IN SANTIAGO, NUEVO LEÓN. (MILENIO ONLINE) (MSN ONLINE (ESTADOS UNIDOS))

Santiago and Nuevo León authorities recognized the work done by tour operators, collaborators and volunteers to fight the fire in the Sierra de Santiago that lasted 24 days. They were given a framed recognition. Some groups that received this tribute includeAventureros extremos en serio, Eco aventuras Santiago, Escápate México, Transportaciones te lleva, Congo aventuras, Todos en bici, Senda turismo, Vereda sky, and Transpaís turismo. Employees recognized included those working for the Cáritas Monterrey Food Bank, Cabañas del Chipitín, and Maseca,as well as volunteers.

May 17

BREVANT SEEDS PRESENTS ITS STRATEGY TO IMPROVE CORN CROPS. (CLUSTER INDUSTRIAL ONLINE (GUANAJUATO))

To support farmers in achieving better yields, Brevant, the Corteva Agriscience brand of high-yield hybrid seeds, presents the concept of Brevant Innovation Modules (MIBs) consisting of a set of demonstration plots where various practices are carried out with sowing, nutrition, irrigation and treatment trials, to break myths and generate valuable information for producers in a manner that allows them to optimize their agricultural practices and maximize their yields. The installation of these demonstrative plots seeks to bring in major actors from different agricultural companies, which included the following on this occasion: MONOSEM, specialists in precision seeders; ISAOSA, a leading company in the commercialization of fertilizers, Dr. Ernesto Sifuentes Ibarra and Jaime Macías Cervantes from the INIFAP, experts in irrigation agronomic management, and Gruma as industry representatives.

May 21

MEXICO AND THE UNITED KINGDOM ARE LOOKING TO SIGN A MODERN FTA. (REFORMA 22) (MILENIO DIARIO 17) (REFORMA ONLINE) (MURAL ONLINE (JALISCO)) (EL NORTE ONLINE (NUEVO LEÓN)) (EL FINANCIERO ONLINE) (LA JORNADA ONLINE) (MILENIO ONLINE) (DEBATE ONLINE (SINALOA)) (EL LIBERAL METROPOLITANO ONLINE)

Secretary for the Economy, Tatiana Clouthier, and the British Minister for International Trade, Anne-Marie Trevelyan, began negotiations yesterday in London on a new Free Trade Agreement (FTA) between the United Kingdom and Mexico. This is the first post-Brexit treaty of its kind between the UK and a Latin American country. José Abugaber, the president of the Industrial Chambers Confederation (CONCAMIN), who is traveling with Clouthier, said that the partnerships between the companies of both nations will serve to create new jobs. "We trust that these strategic alliances between English and Mexican companies can be reflected in large investments and expansion into new business models," he said. The Mexican companies with operations in the United Kingdom are Cemex, Fresnillo, Gruma, Orbia, Monex, and Kidzania. The United Kingdom represents Mexico’s 16^th trade partner worldwide and its eighth investor.

MEXICAN BRANDS (VOLUME II). (FORBES MÉXICO 74-83)

Forbes México presents Volume II of Mexican Brands, Leaders in Consumer Products. This multi-platform initiative includes a special collector's edition in art book format, exclusive digital content on Forbes.com.mx and a launch event with special guests from communications, marketing, business, chambers, and business organizations. This project was birthed from the desire to share the origin, history, evolution and innovation of the leading consumer product brands in Mexico. Each is iconic and a star in its respective market. Their use and positioning make them the brands most selected across the nation, and they enjoy the highest recognition among Mexican consumers, who, after confinement for almost two years, are now showing changes in their consumption patterns. In this context, the leading brands adapted and evolved to consolidate. Maseca is listed among the Mexican brands.