Processed Food News

Mexico to expand agri-food market to Japan and Korea
Mexico is getting prepared to rise agri-food products exports to Japan to reach US$1.4 billion in 2020, surpassing the US$1.05 billion sales records from last year. Jose Calzada Rovirosa, Secretary of Agriculture, who is currently in a work tour though Japan and South Korea, remarked that Japan is o...
Avocado generates more income than hydrocarbons
Foreign commerce of oil and oil products left Mexico with a US$13.16 billion deficit in 2016, while the “green gold” had a US$2.22 billion surplus, according to the Ministry of Economy. In Michoacan, the main avocado-growing State, producers are not afraid of the NAFTA renewal, for they are posi...
Sigma Alimentos’ profits fall in 2016 due to currency adjusment
Mexico-based meats and dairy business Sigma Alimentos saw a decline on its sales and profitability in 2016 due to weakening of the Mexican peso against the US dollar. Sigma, subsidiary Mexican conglomerate Alfa, posted revenues for US$ 776.8 million, a fall of a 3% compared to previous year. The co...
Sonoco acquires Peninsula Packaging Company; deal includes one Mexican plant
Sonoco, one of the largest diversified global packaging companies, announced a definitive agreement to acquire Peninsula Packaging Company, a manufacturer of thermoformed packaging for fresh fruit and vegetables that operates five manufacturing facilities, four in the United States and one in Mexico...
Mexican producers sell 12.5 tons of mango to the U.S.
Mango producers from the State of Guerrero finalized a distribution agreement to the U.S. after 2 months of negotiation. A 12.5 tons shipment of manila mango was sent out to Laredo Texas, as part of the commercial alliance established by Foods Imports and Mexicana Integradora Costa Grande. One of th...