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What multimillion-dollar fishing tournaments are in Los Cabos this year?

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A record setting marlin from the 1994 Bisbee’s Black & Blue fishing tournament. Today, the contest offers prizes of more than $4 million dollars for the winners. (Picante Sportfishing)

Los Cabos as a tourist destination was built on beaches and sport fishing. As far back as the 1950s and 1960s, fly-in resorts in Baja California Sur were targeted specifically to anglers, with marlin fishing in particular becoming the region’s calling card. 

Tournaments eventually followed, with Bisbee’s Black and Blue, founded in 1981, becoming the most long-lasting and prestigious. Today, this event is referred to, accurately, as the “world’s richest fishing tournament.” Prize pools for the last two events, in 2022 and 2023, have averaged over US $10 million. 

The rich fishing in the seas and bays near Los Cabos has made the area a global destination for competitive anglers. (IGY Marinas)

As Bisbee’s has grown over the past few decades, it has added two additional tournaments: the East Cape Offshore and Los Cabos Offshore. This trio of annual events all offer prize pools in the millions of dollars and get the lion’s share of publicity regarding fishing tournament season in Los Cabos. Rightfully so. Bisbee’s generates a lot of income for the local economy, and the fish caught help feed the region’s poorest residents. 

But other tournaments in the area have also crossed the million-dollar threshold – like the Cabo Tuna Jackpot – and a few others are close to hitting this milestone. Fishing contests are becoming increasingly lucrative at the high end, although it bears noting that dozens of tournaments take place in Los Cabos each year. For many participants, the attraction isn’t so much the potential payouts as the experience itself. 

What time of year is fishing tournament season in Los Cabos?

Fishing tournament season runs from June through November. As long-time visitors to Los Cabos know, the fishing is good year-round, but the catches are seasonal. Not surprisingly,  given Los Cabos’ reputation for black and blue marlin fishing, the season is contemporaneous with the best times of year to catch these fish. Other species found locally, however, like striped marlin, tuna, dorado, and wahoo are also a target at many tournaments. 

Where do the tournaments take place?

The Cabo San Lucas Marina is the primary departure point for most of the highest-profile events, but the East Cape of Los Cabos is also a mecca during tournament season, particularly small fishing destinations like Buena Vista and Los Barriles. Fishing takes place in offshore waters. For Bisbee’s Black and Blue tournament for instance, boats are restricted to within 40 miles of Cabo San Lucas. 

Which tournaments have already announced dates for 2024?

Here’s a look at how this year’s season is shaping up, dates for the major tournaments, entry fees and prize pools. 

Pelagic Triple Crown of Fishing Tournament – June 6 – 9, 2024

Fishing contests are becoming increasingly lucrative at the high end, with many tournaments offering prize funds of six figures or higher. (IGY Marinas)

Water sports apparel maker Pelagic kicks off the 2024 Los Cabos fishing tournament season with the 10th edition of the team fishing competition, with fishermen and women targeting billfish like striped marlin, as well as tuna, wahoo, and dorado. 

Base entry is $3,500 per team, with $59,000 across the board for all jackpots and challenges. Cash prizes are expected to top $500,000.

Bisbee’s East Cape Offshore – July 30 – August 3, 2024

The East Cape Offshore kicks off Bisbee’s 2024 season on July 30, with cash prizes awarded to the top three qualifiers in the marlin, tuna, and dorado categories. 

Base entry for the event is $1,500 per team, with additional fees for daily jackpots ($32,000 “across the board”). Last year, the tournament’s total payouts fell just short of $1.8 million.

Los Cabos Billfish Tournament – October 8 – 12, 2024

October is the biggest month for fishing tournaments in Cabo San Lucas, thanks not only to Bisbee’s two cash-rich tournaments but also to the Los Cabos Billfish Tournament, another important local event. Fishing was outstanding during this tournament in 2023, with a record 583 striped marlins caught and released by the 42 competing teams. Billfish (striped, blue, and black marlin or sailfish and spearfish) and gamefish (tuna, wahoo, and dorado) are the targets for participants.

Base entry is $5,000 per team, or $49,000 across the board to be eligible for all jackpots and challenges. Over $750,000 was paid out to winners last year. 

Bisbee’s Los Cabos Offshore – October 15 – 19, 2024

Commonly known as “Little Bisbee’s,” to differentiate it from the “Big Bisbee’s” Black & Blue tournament that also takes place in October, this event has been held annually since 2002. 

Base entry for teams is $1,500, with $32,000 necessary for “across the board” entry in all jackpots and challenges. Payouts totaled $2 million for this tournament in 2023, despite scheduling challenges posed by Hurricane Norma.

Bisbee’s Black & Blue – October 22 – 26, 2024

Last year’s Bisbee’s Black & Blue winners, team Stella June, took home a massive $4.4 million prize. (Bisbee’s)

This is the granddaddy of them all, a “millionaire maker” deservedly famous due to the size of its enormous payouts. Last year, for example, team Stella June earned the single biggest winning payout in tournament history – $4.4 million – topping the previous record set in 2006, when Bad Company netted $3.9 million). Total payouts last year, meanwhile, stood at $9 million, or just under the record-setting 2022 payouts of $11,651,300, the largest prize pool in sport fishing history. 

Base entry for this tournament is $5,000 per team, or $71,500 across the board for all jackpots and challenges. Prizes are awarded for the top five catches of black and blue marlin, assuming they meet the minimum standards of 300 lbs. 

Cabo Tuna Jackpot – November 6 – 9, 2024

This tournament has been crowning the world’s best tuna fishermen for the past 25 years, thanks to exceptionally lucrative payouts that crossed the million-dollar threshold in 2019, and over the past three years have hovered at almost $1.5 million. 

Base entry is expected to be $1,000, or about $20,000 across the board based on 2023, although the 2024 registration info has yet to be released. Team Fisher Man’s record 383-pound tuna in 2009, meanwhile, remains the standard by which all winners are judged.

Chris Sands is the Cabo San Lucas local expert for the USA Today travel website 10 Best, writer of Fodor’s Los Cabos travel guidebook, and a contributor to numerous websites and publications, including Tasting Table, Marriott Bonvoy Traveler, Forbes Travel Guide, Porthole Cruise, Cabo Living and Mexico News Daily. His specialty is travel-related content and lifestyle features focused on food, wine and golf.

National truckers’ strike disrupts traffic on major highways

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Truckers block a highway in Mexico City
Truckers from the AMOTAC transport union blockaded highways across the country to protest against insecurity on Mexico's roads. (Rogelio Morales/Cuartoscuro)

Demanding the government provide better security on the nation’s highways, Mexican truck drivers began a nationwide strike Thursday morning, disrupting traffic on a handful of major federal highways.

Protests in several spots around the country began at 8 a.m., and by late morning main roads, including all lanes of the Mexico City–Cuernavaca highway — the nation’s busiest  — were blocked in both directions.

Protesters were hoping to reach the National Palace, and petition authorities directly. (Rogelio Morales/Cuartoscuro)

Long lines of trucks being driven at slow speeds created the blockages, although there were reports that protesters in at least two locations eventually agreed to free up lanes to allow motorists to pass.

Other highways affected by the protests included Mexico City–Puebla, Mexico City–Pachuca, México-Querétaro and the Arco Norte, and the Vía Morelos road from Ecatepec in México state to CDMX.

The protesters, who say they are fed up with an alarming increase in transport robberies, were aiming to reach the National Palace in Mexico City, to seek a dialogue with authorities.

The union stated that roads would not be blocked as long as the Army and other authorities did not intervene. The Mexican Alliance of Transport Organizations (AMOTAC) also asked for the understanding and support of the citizenry.

The nation’s truckers and transporters had postponed the strike for a week, but it was put into action after a previous dialogue with authorities that union officials called “not constructive and not favorable.”

Interior Minister Luisa María Alcalde Luján countered that she has negotiated frequently with drivers and government agencies including the Infrastructure, Communications and Transportation Ministry (SICT) and the National Guard.

But, Alcalde added, AMOTAC members “decided to get up from the table and establish various blockades that affect citizens.”

AMOTAC members reportedly account for 83% of the national transport vehicle fleet, and the union has 270 chapters nationwide.

AMOTAC members say not enough is being done to protect transport workers in the country. The government denies any inaction by security services. (Rogelio Morales/Cuartoscuro)

Alcalde called their strike unjustified because the demands of the transporters are being met, adding that it was being driven by “political interests.”

President Andrés Manuel López Obrador refused to receive the protesters and their negotiators at the National Palace, dismissing AMOTAC’s actions as a politically motivated action against his government.

The union simply says it wants better safety for its drivers.

According to figures from the Executive Secretariat of the National Public Security System (SESNSP), there were an average of 38 assaults every day on truck drivers transporting goods between cities in 2023, an increase of 4% over 2022.

And of the 38, approximately 25 per day were robberies — an increase of 2.8% over 2022. Moreover, 85.6% of the robberies included violence.

Julieta Tolentino, a national coordinator for AMOTAC, told Mexico Business News that the National Guard is failing to ensure highway safety due to disorganization and a lack of training. She also said truck drivers face numerous challenges, such as the absence of a standardized tariff system and insufficient rest areas in addition to a dearth of safe places to stop.

Miguel Ángel Santiago of AMOTAC told MVS Noticias that action taken by the government so far has been “insufficient to address the issues and the phenomenon we are currently experiencing.”

A separate strike on Feb. 5 was led by the Mexican Federation of Transportation and Freight Transport (FEMATRAC), but the two strikes were reportedly independent.

With reports from El Economista and Infobae

Foreign direct investment in Mexico totaled over US $36B in 2023

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Mexico City view
Mexico City was the recipient of the lion's share of foreign direct investment last year, with other states in the north and center of the country rounding out the top 10. (Shutterstock)

Foreign direct investment (FDI) in Mexico exceeded US $36 billion in 2023, the highest preliminary data total on record, with almost 40% of the investment coming from the United States and half the money going to the manufacturing sector.

Data published by the Economy Ministry on Wednesday night showed that FDI totaled $36.06 billion last year, a 2.2% increase compared to 2022.

FDI in Mexico graph
Final quarter FDI in Mexico since 2006 in billions of dollars. (Economy Ministry/X)

Excluding the Televisa-Univisión merger and the restructuring of Aeroméxico — which together added $6.87 billion to the FDI total in 2022 — the annual foreign investment increase in 2023 was a more impressive 27%.

If the preliminary data for 2023 is compared to final data for previous years, last year was the second best year ever for FDI.

The best year on record is 2013, when the sale of brewer Grupo Modelo to Belgian multinational AB InBev added $13.25 billion to the final FDI total, which was $48.4 billion.

FDI wasn’t as high as expected

The preliminary data total for 2023 is just $3.1 billion higher than the total for the first nine months of the year and only $7 billion higher than the total for the first six months.

Just over 80% of all FDI in 2023 occurred in the first half of the year, indicating that there was a sharp slowdown in investment inflows in the final six months of 2023.

The final FDI figure is more than 20% below a $43.9 billion projection from the United Nations Conference on Trade and Development and over 5% below a $38 billion consensus forecast of 25 economists polled by the Bank of Mexico.

John Soldevilla, an economist and director of the financial consultancy ECOBI, said the FDI result for 2023 is “somewhat disappointing.”

Automotive factory worker
Mexico’s manufacturing industry is expected to benefit in the coming years from the nearshoring trend, but analysts say overall FDI fell short of expectations last year. (Gob MX)

He asserted that Mexico should already be seeing “tangible results” from nearshoring — the relocation of foreign companies to Mexico due to its proximity to the United States and other factors.

“It seems this is not occurring,” Soldevilla said.

In contrast, the SE was buoyant in its assessment of the “historic” foreign investment in 2023.

It is the “result of economic stability, competitive advantages and the good business environment in Mexico” and “affirms the confidence of foreign investors in the country,” the ministry said.

That confidence, it added, is shown through “record” reinvestment of profits by foreign companies that operate in Mexico.

New investment only accounted for 13% of FDI last year

The SE said that 74% of the FDI total, or more than $26.6 billion, came from reinvestment of profits. Many companies that have operated in Mexico for years have invested to expand their existing operations or announced their intention to do so. Those companies include French aerospace company Safran and Argentine steel manufacturer Ternium.

Ternium steel plant in Nuevo León
Ternium Steel was one of the major companies to announce expansions plans in Mexico last year. (Ternium Mexico)

Just over 13% of the FDI total, or $4.82 billion, was new investment while just under 13%, or $4.61 billion, was loans and payments between companies of the same corporate group.

Janneth Quiroz Zamora, director of economic analysis at the Monex financial group, said there were expectations that “new investment linked to nearshoring” would be higher.

“The fact that new investment was limited … appears [to show] that we’re not yet seeing that great wave of investment to the country [we were expecting],” Quiroz said.

One positive is that the contribution new investment made to the 2023 FDI total was up five percentage points compared to the 8% contribution it made to the total for the first nine months of last year. However, the 13% figure is well below the 48% contribution new investment made to the FDI total in 2022.

The figure should rise in coming years as foreign companies made investment announcements totaling well over $100 billion in 2023. One such company, Tesla, is expected to begin construction of its Nuevo León “gigafactory” this year.

Where did Mexico’s FDI come from?

SE data shows that 87% of total FDI in 2023 came from just 10 countries.

Around 38% of total investment, or $13.64 billion, came from the United States. The SE highlighted that Citigroup, General Motors and Ford are among the U.S. investors in Mexico.

While the United States remained the top foreign investor in Mexico, its investment total declined 9% compared to 2022.

A rendering of Tesla’s planned “gigafactory” in Nuevo León. (Tesla)

Via companies such as the energy firm Iberdrola and the bank BBVA, Spain was the second largest foreign investor in Mexico last year, contributing $3.77 billion, or just over 10% of the FDI total, while Canada ranked third, investing $3.47 billion, or almost 10% of the FDI total, through companies such as TC Energy and Scotiabank.

The other countries in the top 10 were:

  • Japan: $2.9 billion or 8% of FDI.
  • Germany:$2.4 billion or 7% of FDI.
  • Argentina: $2.2 or 6% of FDI.
  • United Kingdom: $936 million or 3% of FDI.
  • Netherlands: $892 million or 2% of FDI.
  • Belgium: $759 million or 2% of FDI.
  • South Korea: $497 million or 1% of FDI.

Which sectors and states did the money go to?

Just over 50% of the 2023 FDI total — $18.08 billion — went to the manufacturing industry.

The transport equipment sector, which includes automakers, was the biggest winner, receiving 41% of the manufacturing investment. The remaining 59% was split between a number of sectors including beverages and tobacco; metals; computer equipment; and chemicals.

FDI by state of Mexico in Q4 2023
Top 10 states for FDI (or IED in Spanish) in 2023. (Economy Minister/X)

The other 50% of total FDI went to several sectors including financial services; mining; and temporary accommodation.

Almost one-third of FDI — 31% — went to Mexico City, where many major international companies have offices.

Sonora ranked second, receiving 8% of total FDI last year, followed by Nuevo León (7%); Jalisco (6%) and Chihuahua (5%).

The federal government has invested heavily in Mexico’s southern and southeastern states, but none was among the top 10 recipients of FDI last year.

The development of the Interoceanic Corridor of the Isthmus of Tehuantepec, which will include 10 new industrial parks, could help Oaxaca and/or Veracruz enter the top 10 in coming years.

With reports from El Financiero and El Economista

How did the Mexican government become one of the world’s most important art collectors?

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Artist David Alfaro Siqueiros and bureaucrat Hugo Margáin were the architects of the Pago en Especie program. They devised a scheme to allow artists to pay their taxes in kind. Here they inspect donated paintings along with painter Raúl Angiano. (Gobierno de México)

Tax time in Mexico is coming, and more than a few of us foreign residents make our annual declarations between February and April. It is also the time that Mexican artists can take advantage of Mexico’s one-of-a-kind payment program for creators.

Called Pago en Especie (payment in kind), it is a barter system where works of art can be substituted for cash tax payments. 

Although not required to pay taxes for the rest of their lives, artists like Diego Rivera and Rufino Tamayo donated works to start what would become the Pago en Especie collection, like this painting, “Lucia y los Judas” by Diego Rivera. (Museo Luis Nishizawa)

The scheme was the brainchild of famous muralist David Alfaro Siqueiros. In 1947, the federal government began to require artists to pay taxes on their income and sales. Although post-Revolution greats such as Siqueiros and Diego Rivera would be exempt for the rest of their lives, they were concerned about this new burden on younger artists to whom they were passing the baton. 

In 1957, Siqueiros and other notable artists petitioned the government on their behalf. They convinced authorities to allow notable artists to “pay” their taxes by “donating” one artwork to the government for every five paintings sold.

For the aging muralists, it was a case of self-serving altruism. The arrangement not only helped to keep their movement alive but fit with their ideals, providing a “socialist” alternative for Mexican artwork in the face of a growing private market. The deal also included building a museum to house and promote the new public collection, but that would not happen until 1994.

Instead, when the Modern Art Museum (Museo de Arte Moderno) opened in 1964, the collection became a cornerstone of its work. Three decades later, the federal tax agency (SHCP) would finally open the Art Museum of the Secretariat of Finance and Public Credit. 

Portions of the collection are regularly packaged into themed exhibitions for showings all over the country. (Secretaría de Cultura)

One of the initial purposes of the program was to conserve muralism as Mexico’s dominant visual art form, and younger Mexican artists inspired by international trends in the mid-20th century had difficulty getting their work accepted. Eventually, however, this so-called “Breakaway Generation” succeeded in expanding the range of works the collection would accept. 

The basis of the program has remained the same over the decades, but its details have been tweaked various times. Initially, the program was quite generous, allowing artists to determine which works would count as payment. That began to tighten significantly with the death of the last great muralist, Rufino Tamayo, in 1991. The SHCP instituted a committee to accept artists and works into the program. In 2022 the agency switched to a system of valuation by certified appraisers instead.

The program was initially focused exclusively on the classic plastic arts – painting, sculpture, photography and prints in particular, but over time it began to accept installations and digital art as well. A more significant conceptual change occurred in 2017 when the SCHP began to accept works by nationally recognized artisans and folk artists.

The result is one of the largest collections of modern and contemporary art in Mexico with over 5,000 pieces. It is not Mexico’s only federally-managed art collection, but its history means that it is managed separately from those related to the Culture Ministry. The SCHP museum is located at the former Archbishop’s Palace in downtown Mexico City, but the collection is so large that parts of it are on permanent loan to other institutions. The purpose of the collection is exhibition within the country and such exhibitions appear regularly at museums all over Mexico.

The modern scheme now accepts more traditional forms of Mexican art and artisanal crafts, in addition to paintings and sculptures. (Galo Cañas/Cuartoscuro)

The collection covers Mexico’s major art movements from the muralism period to the present. It contains works by famous names such as Rufino Tamayo, Mariana Yampolsky, Vicente Rojo, Manuel Felguérez and José Luis Cuevas along with those of up-and-coming artists such as Verónica Villarreal, Manuel Carrillo Lara and Manuel Armando Solano Lozano.

The program is open to both Mexican and foreign resident artists, but applicants must be accepted by SHCP, and even then the agency will accept only works that are properly authenticated. Last, but not least, the artist needs to register with the tax system (and have no outstanding debts).

The SCHP says that the program is the only one of its type in the world, but there have been criticisms. One early objection is that the program skews the private market. Another common complaint is that most of the works are in storage, managed by bureaucrats and of questionable public value. The most common criticism has been that this tax option has not been extended to other types of artists, most notably those in the performing arts, leading to accusations that plastic artists “evade” taxes.

However, the program remains an important resource for more than a few artists in the country. Cecilia Santacruz, general coordinator of the Salón de la Plástica Mexicana (Mexican Hall of Arts) says that over 150 members have participated and that acceptance onto the scheme remains an important part of these recognized artists’ trajectories “…not only thanks to the economic support that Pago en Especie provides, but also the promotion of new markets for art.”

Leigh Thelmadatter arrived in Mexico over 20 years ago and fell in love with the land and the culture in particular its handcrafts and art. She is the author of Mexican Cartonería: Paper, Paste and Fiesta (Schiffer 2019). Her culture column appears regularly on Mexico News Daily.

Why is the Mexican military sending a mission to Panama?

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Catarino Erasmo Garza
Catarino Erasmo Garza was an opponent of Porfirio Díaz, leading an uprising against the Mexican dictator. He was eventually killed in Panama in 1895. (Wikimedia)

A Mexican delegation including 80 military personnel will depart for Panama later this month on a mission whose primary aim is to recover the remains of a revolutionary general who was killed almost 130 years ago.

At the request of President Andrés Manuel López Obrador, the Senate on Wednesday approved a mission to the Bocas del Toro Archipelago, where Catarino Erasmo Garza Rodríguez was killed in 1895 during the Colombian Civil War of that year.

López Obrador is a long-time fan of Garza, and even wrote a biography of the revolutionary fighter. (lopezobrador.org.mx)

Garza — born in Matamoros, Tamaulipas, in 1859 — was a staunch opponent of Porfirio Díaz, the authoritarian Mexican president who ruled the country for more than 30 years in the late 19th and early 20th centuries.

He is best known for leading the Garza Revolution, or Garza War, an uprising against the Díaz regime that lasted around 18 months between 1891 and 1893.

A summary of a book on the uprising — a precursor to the Mexican Revolution — notes that “on September 15, 1891, Garza, a Mexican journalist and political activist, led a band of Mexican rebels out of South Texas and across the Rio Grande, declaring a revolution against Mexico’s dictator, Porfirio Díaz.”

“Made up of a broad cross-border alliance of ranchers, merchants, peasants, and disgruntled military men, Garza’s revolution was the largest and longest lasting threat to the Díaz regime up to that point,” the summary continues.

“After two years of sporadic fighting, the combined efforts of the U.S. and Mexican armies, Texas Rangers, and local police finally succeeded in crushing the rebellion. Garza went into exile and was killed in Panama in 1895.”

López Obrador also authored his own book on Garza, prior to becoming president.

The mission to bring Garza’s remains to Mexico   

“We’re looking for him, … it’s already known how many mass graves there are and where he might be,” López Obrador said in early January.

He said that authorities in Panama had assisted a Mexican team seeking to locate Garza’s remains and declared that it was “very probable” that they would be found.

The ARM “Huasteco,” a Mexican Navy frigate, will depart with a cargo of soldiers and government officials, in search of Garza. (Seaforces-online)

Garza was an “exceptional revolutionary,” López Obrador added.

A mission to Panama involving military personnel was approved by the Senate in December, but the original plan was changed when it was determined that a military aircraft, a CASA C-295, would be unable to land at the Bocas del Toro “Isla Colón” International Airport.

It was subsequently decided that a naval vessel would instead transport 20 soldiers to the Bocas del Toro Archipelago, located off Panama’s Caribbean coast not far from the border with Costa Rica.

The Senate, in which the ruling Morena party and its allies have a majority, authorized the new plan on Wednesday afternoon. The soldiers will work with officials from the National Search Commission and the Ministry of Foreign Affairs to locate and exhume Garza’s remains.

The naval vessel ARM “Huasteco” AMP-01 will depart the port of Veracruz on Feb. 19 with 60 naval personnel on board in addition to the 20 soldiers — who will be unarmed — and government officials.

The navy personnel will carry out social and community work while in Panama. The vessel is scheduled to return to Veracruz on April 16.

Opposition to the mission

In an address in the Senate prior to the vote that approved the mission, National Action Party (PAN) Senator Kenia López questioned why the government wanted soldiers to leave the country to retrieve the remains of a person who died over a century ago when there are so many missing people in Mexico.

Opposition politician Kenia López asked why the government was searching abroad for a revolutionary soldier at a time when there are tens of thousands of people missing within Mexico’s borders. (Cuartoscuro)

She said that over 49,000 people have disappeared since López Obrador took office in December 2018, and insinuated that the government should focus its efforts on locating them rather than a 19th century revolutionary.

“How do you dare to propose today, to say here that you’re going to look [for remains] in other countries when you’re not even capable of looking for Mexicans,” López said to Morena senators after railing against the federal government for what she charged was a failure to adequately fund the National Search Commission.

Senator Mayuli Martínez, who also represents the PAN, made similar remarks.

“Fifty thousand missing people in Mexico, 50,000 missing men and women in this country! But the president doesn’t want anyone to look for them,” she said.

“… Instead of that, he wants this Senate to authorize the departure of troops to Panama to search for the remains of a general [who died] 130 years ago,” Martínez said.

“And who’s looking for all these people who are disappearing every day? … López Obrador has no shame,” she added before accusing ruling party senators of being “puppets” of the president.

With reports from El Universal, El Financiero and Quadratín

Inflation drives up the cost of Valentine’s Day celebrations in Mexico

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Inflation has driven up the cost of classic Valentine's Day gifts in Mexico this year. (Victoria Valtierra/Cuartoscuro)

Mexicans are expected to spend 22.3% more on gifts and dining out for Valentine’s Day, or Día del Amor y la Amistad, this year than in 2023, per a report from Mexico’s National Alliance of Small Merchants (ANPEC).

How much are Mexicans predicted to spend this year?

The cost of some Valentine’s Day gifts has risen by up to 40% from 2023. (Mario Jasso/Cuartoscuro)

According to the ANPEC report, the average cost of the celebration per household could be up to 2,208.69 pesos (US $128).

With inflation continuing — the annual headline rate was recorded at 4.88% in January — the cost of popular Valentine’s Day gifts has spiked. Between 2023 and 2024, the average cost of one dozen roses for Valentine’s Day increased by 40%, from 240.86 to 336.04 pesos, according to ANPEC.

Meanwhile, the Confederation of National Chambers of Commerce, Services, and Tourism (Concanaco) has predicted that the total national Valentine’s Day spend this year will exceed 28 billion pesos (US $1.6 billion).

What do Mexicans buy for Valentine’s Day? 

According to Concanaco chief Héctor Tejada Shaar, the sectors that will benefit the most are hospitality, restaurants, department stores, candy stores, and flower shops.

Some of the most popular affordable treats include heart-shaped lollipops, at an average price of 80 pesos, balloons for 119 pesos, a dozen roses for 336 pesos, a stuffed animal for 350 pesos and a romantic dinner for two at a mid-range establishment for 1,102 pesos. 

Many Mexicans have opted to celebrate at home this year according to analysis from consumer research firm YouGov.

Based on the survey results, 28.3% of the participants intend to celebrate Valentine’s Day by preparing a homemade dinner, while 25% said they would watch movies or TV shows at home. Giving sweets or chocolates was the top choice for 25% of the respondents, while 19.6% of them said they would opt for gifting flowers.

Just like in the rest of the world, flowers are a classic Valentine’s Day gift. (Edgar Negrete Lira/Cuartoscuro)

How many Mexicans are in a romantic relationship?

To provide insight into the romantic lives of the Mexican population in the lead-up to Valentine’s Day, the national statistics agency INEGI published data on the marital status of people aged 15 and above. 

In the third quarter of 2023, there were 100.6 million residents aged 15 or older in the country, and 36.9% are married, 33.1% are single, 17.8% cohabit unmarried with a partner, and 12.2% are separated, divorced, or widowed.

The highest proportion of unmarried people was those aged 15 to 29, who accounted for 72.7% of the population in this age group. Among adults aged between 30 and 59, 48.5% were married while 22.5% were cohabiting.

Among adults aged 60 and above, 52.6% are married or cohabiting, while 23.2% are widowed.

Meanwhile, the divorce rate in Mexico has shown an upward trend since 2010, registering a 50% increase since 2013 according to data published last September; however, in 2022, there were still around three marriages for every divorce.

With reports from El Informador, ADN 40, El País and Milenio

Got 1 min? Ash Wednesday and Valentine’s Day coincide for first time in 79 years

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Woman receives a blessing and smudge of ash
Ash Wednesday will be observed by Catholics all over Mexico today. (Cuartoscuro)

This year, Valentine’s Day, or Día del Amor y la Amistad as it is known in Mexico, and the Christian holiday of Ash Wednesday coincided for the first time since 1945. 

In a statement, the National Catholic Register said that the two holidays are closely linked to one another. “The intersection of the two holy days provides a providential opportunity for us all to remember the purpose of Lent, the nature of love, and the person of St. Valentine, bishop and martyr.”

Those fasting on the first day of Lent may find it challenging to refrain from enjoying some Valentine’s treats. (Luiz Paulo Santos/Unsplash)

However, those who fast on Ash Wednesday may find it challenging to celebrate both holidays.

What is Ash Wednesday and how is it observed in Mexico?

Ash Wednesday marks the beginning of Lent, or cuaresma in Spanish. It is a day of penance and fasting that originated with ancient Jewish rituals. 

In Catholic tradition, ash represents the idea that man is made of dust from the earth and will eventually return to it. On this day, a priest applies ashes to a person’s forehead while saying: “Remember you are dust, and you shall return to dust.” 

The name “Ash Wednesday” is comes from the rites administered by priests. (Thays Orrico/Unsplash)

Contrary to popular belief, Catholics are not obligated to be smudged with ashes because it is not a day when the faithful are required to attend mass. However, the faithful are expected to adhere to fasting and abstinence on Ash Wednesday.

This year, Lent will conclude on March 24.

What is the origin story of Valentine’s Day?

The origins of this holiday are said to date back to the Lupercalia festival of ancient Rome. This festival was celebrated in mid-February and included fertility rites and the consumption of alcohol.

As the Roman Empire became more Christian, Lupercalia was transformed into a celebration honoring the Roman Saint Valentine, who died in 270 A.D.

Legend has it that Saint Valentine was arrested for defying an order issued by Emperor Claudius that prohibited Roman soldiers from getting married. He was beheaded for his religious beliefs, and Roman men chose to commemorate his death by drawing the names of eligible young women from an urn. 

Today it is a popular and commercially significant holiday in many parts of the world, including in Mexico.

With reports from The New York Times, El Universal and El Informador

Pemex given billions of dollars of tax relief by Mexico’s government

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Olmeca refinery belonging to Pemex in Dos Bocas
Rodríguez acknowledged that leadership of the state oil company would be a challenge and "great responsibility." (Cuartoscuro)

President Andrés Manuel López Obrador has decreed major tax relief for Pemex, exempting the beleaguered state oil company from obligations to pay the government more than 100 billion pesos.

In a decree published in the government’s official gazette on Tuesday, López Obrador granted two new “fiscal stimuli” to Pemex, which has total debt in excess of US $100 billion.

AMLO at an event celebrating oil expropriation
The president, who has prioritized the recovery of Pemex during his administration, at an event marking the 85th anniversary of the national expropriation of oil in the Zócalo last year. (Lópezobrador.org.mx)

This exempts the company from the requirement to pay Shared Profit Right (DUC) levies and Hydrocarbons Extraction Right (DEXTH) levies that correspond to a period of four months between October 2023 and January.

The move came four days after Moody’s Investor Service downgraded its rating for Pemex from B3 from B1, putting the company deeper into speculative, or junk, territory. In April 2020, Pemex became the world’s largest “fallen angel” when Moody’s downgraded its credit rating from investment grade to junk.

To meet its DUC (Derecho de Utilidad Compartida) levy commitments, Pemex in 2023 was required to make payments to the government equivalent to 40% of its gross oil and gas income. The levy — which was 65% when López Obrador took office in late 2018 — was reduced to 30% for 2024.

The president’s decree didn’t say how much the four-month DUC exemption would save Pemex, but a high-ranking state oil company source told Reuters that the saving would amount to around 110 billion pesos (US $6.4 billion). DUC levies — when they are paid — are a significant source of revenue for the government.

Dos Bocas refinery, Tabasco
The Pemex Olmeca refinery in Tabasco is one of the president’s key infrastructure projects. (Gob MX)

DEXTH (Derecho de extracción de hidrocarburos) levies are payable by all oil drillers that operate in Mexico. Pemex’s exemption from paying those that correspond to the October-January period will save the company an additional undisclosed amount.

López Obrador has made “rescuing” Pemex a central aim of his administration, which will conclude Sept. 30. The company is set to get 145 billion pesos (US $8.5 billion) from the government in 2024 to help it meet its immense short term debt repayment obligations, and it has received large cash injections and tax relief in previous years.

Government support between 2019 and 2023 adds up to over 1.3 trillion pesos (about US $76 billion), while the amount of money Pemex paid into state coffers declined 46% in annual terms to 166 billion pesos in the first nine months of last year, the La Jornada newspaper reported.

Despite the government support, Moody’s analysts said in the rating agency’s Pemex downgrade report that they expect the company’s cash flow and credit metrics to worsen in the next three years.

Octavio Romero at a Pemex processing facility in Campeche
Pemex director Octavio Romero (left) at a site visit in January in the Bay of Campeche. (Pemex/X)

Although Pemex is in a poor financial state — a condition López Obrador attributes to decades of neglect by previous governments — it has increased its fuel production in recent years.

CEO Octavio Romero presented data last month that showed that production of gasoline, diesel and jet fuel at six Pemex refineries — those in Oaxaca, Hidalgo, Guanajuato, Veracruz, Nuevo León and Tamaulipas — was up 41% last year compared to November 2018, the month before the current government took office.

The company’s overall production has also been given a boost due to its acquisition of Shell’s share of the Deer Park refinery in Texas. Output will increase further this year as the new Olmeca refinery on the Tabasco coast ramps up production.

The data presented by Romero showed that national self-sufficiency for fuel — an objective López Obrador hoped to achieve before the end of his presidency — is possible by 2027.

With reports from El Economista, La Jornada, Bloomberg and Reuters 

Mexican Chile Peppers 101: Everything you need to know

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Nearly 40 chile pepper varieties are grown throughout Mexico. We break down the essential varieties for your kitchen. (Cabanaboy Cooks)

Chiles are a fundamental ingredient in Mexican cuisine, infusing traditional dishes with different flavors, complexity, depth, and spiciness.

Thanks to Mexico’s varied climate and geography, nearly 40 chile pepper varieties can be grown throughout the country, without altering the chile’s flavor or spiciness.  

A chile may change its name and flavor profile depending on whether it is fresh or dried. (Mexicanos por España/Facebook)

With so many varieties, it is no wonder that the average Mexican consumes 18 kg of chile per year, and that the country is amongst the top 3 chile producers in the world. 

A brief history of chile

When ancient civilizations in what is now Mexico discovered that wild chile peppers were edible, they began selectively cultivating them, developing various types with different flavors and levels of spiciness.

In Mexico, the oldest evidence of chile seeds in human settlements is in the Coxatlán cave in the Tehuacán region of Puebla. Likewise, the Guilá Naquitz site, near Mitla in southern Oaxaca, provides evidence of early chile domestication.

In his “General History of the Things of New Spain” Fray Bernardino de Sahagún wrote about different types of chile peppers and the dishes in which they were used. He also reported on the use of chile peppers to treat certain mouth diseases. 

Whether fresh, dried, raw or cooked, the type of chile you use can have a big impact on the flavor (and spiciness) of your food. (Odyssee Belle/Unsplash)

Over time, chile peppers became a popular seasoning for meats brought from Spain, like beef and pork and were combined with other native and foreign spices to recreate traditional dishes like the mole sauce.

The spiciness of chiles 

A chile’s level of spiciness depends on the amount of capsaicin, its main compound. For example, the habanero has the highest percentage of capsaicin of all Mexican chiles, while the poblano chile has the least. 

Whether fresh, dried, raw or cooked, the type of chile pepper you use depends on the desired dish and level of spiciness, so it is crucial to know which ones are best suited for your recipe.

To help you pick the right chile pepper for your dish, we have put together a list of the most commonly used types of chile peppers in Mexican cuisine, divided into fresh and dried chiles. The list includes information on the usage, spice level and recipe examples.

The habanero has the highest percentage of capsaicin of all Mexican chiles, making it the country’s most powerful pepper. (Chris Lawton/Unsplash)

Fresh chiles 

Poblano: The chile poblano is the largest type of chile consumed in Mexico. It is dark green in color and has a size similar to that of a large pepper. It’s ideal for use in soups and sauces or as a garnish. 

Among the dishes that use poblano are pollo con rajas (chicken stew topped with slices of poblano), chile poblano soup, and of course, chile en nogada, one of the most iconic dishes in Mexican cuisine. 

Spiciness: 🌶️

Jalapeño: About four inches long, the jalapeño is one of the most recognizable Mexican chiles. Its color changes from bright green to red once it is ripe. Some say the chile’s name comes from La Xalapeña, a food packaging company in Veracruz that popularized pickled chiles in Mexico, now the most common way to eat jalapeños.

In the United States, the jalapeño is used as an appetizer stuffed with cheese and fried.   

Spiciness: 🌶️🌶️

Serrano: It is the second most produced variety in the country following jalapeño. It is small in size, and its color varies from bright green to red depending on how ripe it is. Typically, it is sliced up and mixed into almost every salsa, pico de gallo and guacamole.

Spiciness: 🌶️🌶️🌶️

A typical Yucatecan salsa made with sliced red onion, habanero, orange juice, oregano and salt. (Wikimedia Commons)

Habanero: According to the story, this chile originated in Cuba and became popular in the state of Yucatán, where it turned into the staple garnish of the cochinita pibil. It is also used in acidic salsas containing fruit like mango or tamarind.  

As the spiciest chile in Mexico, a salsa negra (made of burnt onion and habanero without seeds) is a safe method to try habanero, as it reduces the chile’s spiciness and enables you to taste its flavor. 

Spiciness:  🌶️🌶️🌶️

Dried chiles

Ancho:  This chile is the dried version of the poblano pepper. The drying process gives it a smoky, earthy, and slightly sweet flavor, making it perfect for marinades and sauces like mole.

Spiciness: 🌶️

Guajillo: This is the dried version of the mirasol chile, a deep red chile about ten centimeters long. Once dry, the guajillo turns darker in color and becomes flat and hard. It is a bit spicier than a chile ancho or poblano and is used as the flavor base for enchiladas and chilaquiles.

It generally pairs well with any other dried chile. 

Spiciness: 🌶️

Dried Chile de Árbol, an important ingredient in a classic Mexican salsa roja. (Ramesh NG/Wikimedia)

Chile de árbol: Although small and thin (5-7 cm long and 1 cm wide), this is a spicy chile. It is also used in enchiladas and chilaquiles to give them a spicy kick and is the flavor base of the salsa macha and salsa roja, used to garnish everything from tacos to enchiladas, sopes, huevos rancheros and even pozole.

Spiciness: 🌶️🌶️🌶️

Chipotle: This smokey kind of sweet chile is the dried version of a jalapeño pepper. Due to its smoky flavor, the Nahuatl called it chilpoctli, which means “smoked chile.” 

The most popular form of dried chipotle is canned and prepared with adobo sauce. In this presentation, it is commonly used to add flavor to dishes like tinga de pollo, fideo seco, and sauces that accompany chicken. 

Spiciness: 🌶️🌶️🌶️

Pasilla: The second most popular dried chile in Mexico after chipotle, it is produced from the chilaca pepper, which is similar in appearance to the poblano but thinner. Its name translates to “little raisin” due to its dark wrinkly skin and a deeply sweet dried-fruit flavor. It is often found in mole and is the staple ingredient of the pasilla sauce, one of the most common sauces in any Mexican restaurant or fonda. 

Dried chiles are best stored in a sealed glass container at room temperature.  

Spiciness: 🌶️

Pro tip: If you ever find yourself overwhelmed by spiciness, remember that a glass of milk, a spoonful of crema fresca, or a big slice of cheese can alleviate the discomfort. Water is not enough!

Gabriela Solís is a Mexican lawyer based in Dubai turned full-time writer. She covers business, culture, lifestyle and travel for Mexico News Daily. You can follow her life in Dubai in her blog Dunas y Palmeras.

Mexico’s classic novels: Must-read books to add to your reading list

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Sometimes the best way to learn about a place is by looking at it from a different perspective. Our list of essential Mexican novels provides an alternative lens to the national psyche. (Adolfo Felix/Unsplash)

Looking to update your reading list? It’s the second month of 2024 (already) and many of us included “read more books” in our resolutions this new year. Reading the books is one thing, but knowing which books to read is a whole other problem. 

Here is our list of must-read Mexican classics that everyone should have on their shelves. While you were in high school, reading The Great Gatsby, To Kill a Mockingbird, The Color Purple, Little Women, or Moby Dick, this is what Mexican students were reading. 

Whether you live in Mexico, are interested in Mexican culture, or simply want to add to your general knowledge, these books will give you a taste of Mexico’s greatest authors. If you’re looking for a more challenging read instead, why not browse through our list of Mexican authors that will take you out of your comfort zone? 

Pedro Páramo by Juan Rulfo

One of the best-known Mexican books, Pedro Páramo is considered by many to be one of the first works of Latin American magical realism. It was published in 1955 and is one of only two novels ever written by the father of Mexican literature, Juan Rulfo.

After his mother’s death, Juan Preciado decides to visit the ghost town of Comala and find his father, Pedro Páramo. The novel tells two stories: Juan’s journey to meet his father to denounce his and his mother’s abandonment, and Pedro’s own story of power and corruption during the Revolution. 

Why you need to read this: More than just a Mexican cultural staple, Pedro Páramo is a love poem to magical realism, mystique, and adventure. The book is like having a very vivid and complex dream that you’ll remember for years to come. 

There are over 30 translations of this work, however the amount of “Mexicanisms” it contains warrants a reading in Spanish (eventually!). 

Like Water for Chocolate by Laura Esquivel

In the 1980s, people thought magical realism had come to an end, but boy were they wrong. Laura Esquivel published Like Water for Chocolate in 1989, and it went on to become one of the most important works of Latin American literature ever created. 

This beautiful novel tells the story of Tita, the last daughter of the De la Garza family. Being the youngest and following family tradition, she’s destined to take care of her mother right until the day of her death, sacrificing love or a family of her own. 

Mirroring Tita’s devotion to cooking, every chapter of this novel starts with a recipe. Esquivel plays around with traditional dishes, flavors, feelings, and ingredients to envelop the story of a traditional family told through the eyes of a hopeless romantic culinarian who ends up falling in love. 

Why you should read this: If cooking is your love language, or you frequently think about the halfway point between food and love – this book is for you. 

The Memories of the Future by Elena Garro

The Memories of the Future is set in the fictitious town of Ixtepec during post-revolutionary Mexico. What makes this such a wonderful piece of work is its unconventional narrator: the town of Ixtepec itself. 

The town lives in a melancholy state of fear, experiencing both the trial and tribulations of military ruler Francisco Rosas, who has taken control of the town’s government and the life of the Moncada siblings. 

The Memories of the Future has been described novel that feels like a poem. 

Why you should read this: Elena Garro is sometimes known as “Octavio Paz’s wife,” a title that does her no justice. If feminism plays an important role in your media consumption, you need to read Garro’s work. 

Aura by Carlos Fuentes

The book tells the story of Felipe Montero, a young historian hired by Doña Consuelo to organize and write down her late husband’s memoirs. Felipe, who worked as a professor with a very low salary, will be paid a handsome sum by the old lady – under the condition that he lives in her house until the work is completed.

Set in Mexico City in 1962, this gothic-inspired novel is less than 100 pages long and considered one of Fuentes’s best works. 

Why you should read this: Aura is written completely in the second person point of view, making you, the reader, an intrinsic and exciting part of the story.

Confabulario and Other Inventions by Juan José Arreola

Arreola was one of the most prolific authors of his generation. He was deeply connected to Mexico and its cultural influences. He published Confabulario, his second work, in 1952. It consists of a collection and short stories that touch on the love, solitude, and frustration of modern humanity, told with a comedic, ordinary and sometimes absurdist touch.

Why you should read this: It’s considered a 20th-century Mexican literary masterpiece. If you like short stories that achieve more than some full-length books do, in less than 5 pages, Confabulario is for you. 

Balún Canán by Rosario Castellanos

Balún Canán was Rosario Castellanos’s first novel, published in 1957. It’s considered one of the pillars of the native “Indigenist” literature movement within Mexico – and an early example of Mexican feminist writing.

Castellano set her novel in Chiapas, where she was born and raised. It narrates the decline of Chiapan landowners, especially the Argüello family, triggered by agrarian reform laws during the Lázaro Cárdenas presidency of the 1930s. The story discusses the clash between white settlers and indigenous communities and the injustices that resulted. 

Why you should read this: If you want to learn more about racial and social issues in Mexico that are sometimes ignored in the modern era, this book is essential reading. Making it yet more intriguing, some consider this novel to be partly autobiographical, as Castellanos herself experienced some of what she narrates in her book.

The Labyrinth of Solitude by Octavio Paz

The Labyrinth of Solitude is a collection of 9 essays published in 1950. In it, Nobel Prize winner Paz sought to grasp and define the essence of the Mexican people – individually and collectively. He ponders through different historical events (going back as far as the Aztecs) that gifted, according to him, a certain quality of pessimism, alongside other characteristics, to Mexican society. 

Why you should read this: Paz provides an invaluable insight into the history, morals, and ideals that give Mexicans their identity. Although understanding the full essence of a foreign culture is quite impossible, reading this book will definitely leave you better than when you started, no matter your own identity or background.

Montserrat Castro Gómez is a freelance writer and translator from Querétaro, México.