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Mexico Food Prices Surge: Beef, Tomatoes, Fertilizer Costs Skyrocket

5/24/2026

44 10 Full Breakdown

Summary

Story summary

Mexico’s food prices are surging because higher fuel and fertilizer costs and highway extortion disrupt supply.
Beef prices rose 16.5 percent in January after tariff exemptions ended and a screwworm outbreak.
Tomato prices jumped from 20 to 75 pesos per kilogram, while potatoes and chillies also hit record highs.
Urea, diammonium phosphate and mono-ammonium phosphate costs rose 47 percent, 57 percent and 54 percent between January and March.

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Story summary

Mexico’s food prices are surging because higher fuel and fertilizer costs and highway extortion disrupt supply.
Beef prices rose 16.5 percent in January after tariff exemptions ended and a screwworm outbreak.
Tomato prices jumped from 20 to 75 pesos per kilogram, while potatoes and chillies also hit record highs.
Urea, diammonium phosphate and mono-ammonium phosphate costs rose 47 percent, 57 percent and 54 percent between January and March.