2018 September Board Book

International Update

Rabobank just released their latest report on the world’s largest dairy companies:

Mexico

The electoral process and the renegotiation of the North American Free Trade Agreement, which will be resumed in July, will be the decisive factors in the variations of the USD vs. MX exchange rate. During the last month, the exchange rate has remained volatile due to the commercial uncertainty generated by the imposition of tariffs between Mexico and the United States on various products, in addition to the ongoing negotiation of NAFTA and the upcoming elections in Mexico. After the stagnation observed in April, the retail chains affiliated to the ANTAD returned to the path of growth. Experts from the sector explained that this performance was driven by the promotional campaigns of the Hot Sale- which took place from May 28 to June 3-,