Superpeso: This is the relationship between the value
Mexico is the main generator and exporter of avocado in the world, whose production exceeds 2.3 million tons annually, states the Ministry of Agriculture and Rural Development. The institute directed by Graciela Márquez announced that the average price of green gold plummeted 44.3% during June, after falling 48.4% cheaper in May, which was its biggest drop in the last 23 years. Avocado loses almost half its value That is, the avocado lost almost half of its value in the last year, which is related to the greater supply of the food and because, due to the superweight, there are producers who are preferring to sell the product in the national market instead of export it, explained Juan Carlos Anaya, director of the Agricultural Market Consulting Group (GCMA). "It's like remittances, although exports are in dollars.Mexican avocado farmers receive less income when converting dollars to pesos, so that if they don't pay the price they demand abroad, they better sell the product here and an oversupply is generated. in the nationa Job Function Email Database market,” he said. the universal . Avocado exports When converting the dollars into pesos, avocado exports totaled 21 billion pesos between January and April of this year. This is the lowest income since 2019 for a similar period, indicate figures reported by the Bank of Mexico (Banxico). The average exchange rate appreciated to 18.51 pesos per dollar between January and April, after standing at 20.40 units a year ago. In recent weeks, the superweight increased its gain against the dollar and just on Wednesday it was trading at less than 17 units during daylight hours, which had not happened for almost eight years, according to.
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The investigation into Ant came after its founder and billionaire entrepreneur, Jack Ma, publicly criticized Chinese regulators in 2020 for stifling innovation and being overly cautious. Then Mr. Ma, China's most prominent technology entrepreneur, disappeared from public view. Earlier this year, Ant Group said Ma would relinquish control of the company. Around the same time, China's central bank said it had all but ended its regulatory campaign on Big Tech. Ma's recent reappearance in mainland China after spending much of his time abroad raised speculation that he could return to a most important role in Alibaba. In a reorganization last month, two longtime executives who helped Ma found Alibaba were put in charge of the company.
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