One beer maker continues operating — with beer for export to US

Although beer production in Mexico is supposed to have been shut down, creating a beer shortage and driving beer prices through the roof, one company is continuing to brew brands such as Corona and Modelo.

But the beer brewed by Constellation Brands is not ending up in the hands of thirsty Mexicans. All of its production is destined for the United States. 

After the government shuttered breweries in early April, deeming beer production a nonessential activity, supplies in the country are running low and at least 25 states report shortages. 

Last week, convenience store chain Oxxo said it only had enough beer in stock to last 10 days, and in Monterrey and Tijuana stores are posting signs to their windows saying they have no beer. Black market beer prices in Mexico often come with a 300% markup

But Constellation’s two plants in Mexico have been up and running throughout the pandemic, but have limited production and cut back staff, spokesman Michael McGrew said, adding that after consulting with government officials he is convinced the company is in compliance with the law. 

But there may be good news on the horizon for Mexican beer drinkers. 

Ricardo Sheffield Padilla, head of the consumer protection agency Profeco, says beer production in Mexico may start up again in mid-May, which will bring supply, and prices, back to normal levels. 

The barley harvest was not affected by the coronavirus work stoppage, and Sheffield says breweries are ready to go once given the green light from the government and will resume producing Mexican beer, in Mexico, for Mexicans.

Source: Milenio (sp), El Financiero (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
President Sheinbaum holds a plaque reading "Mexico" at the FIFA World Cup draw, alongside Mark Carney, Donald Trump and Gianni Infantino

Sheinbaum to attend Sunday’s World Cup final on Trump’s invitation

1
Sheinbaum has accepted a personal invitation from Trump to attend Sunday's Spain-Argentina World Cup final in New Jersey — the first match of the tournament she'll attend in person.
“If there is a person who committed a crime, he or she must be pursued. But migration in itself shouldn’t be criminalized,” Sheinbaum said on Thursday.

Mexico’s week in review: Sheinbaum keeps ICE deaths abroad in focus as US steps up claims of cartel-government ties

0
This week, President Sheinbaum addressed a range of problems in the United States and at home, from human rights abuses by ICE to gender-based violence to defending the Panama Canal's neutrality as a key trade passage.
Apollo Global Management headquarters in New York

Private equity giant Apollo bets US $20 billion on Mexico’s infrastructure buildout 

1
The kind of private credit that Apollo offers, as opposed to traditional bank funding, is an expanding trend in Latin America and aligns with the Sheinbaum administration's Plan México for economic development.
BETA Version - Powered by Perplexity