ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

US halts inspections of popular fruits from Mexico over security concerns: USDA

The U.S. government is temporarily halting inspections of avocado and mango imports from Michoacán, a Mexican state that is a hotbed of violence and drug cartel activity.

The United States Department of Agriculture (USDA) is temporarily halting inspections of certain fruits from a high-producing Mexican province over safety concerns.

The USDA confirmed the news to Fox Business on Tuesday. The pause affects avocado and mango exports from the Mexican state of Michoacán.

The USDA disclosed that the decision was made due to "security concerns" for Animal and Plant Health Inspection Service (APHIS) workers. The agency is working on reviewing the security situation before the inspections begin again.

According to the USDA, Mexican exports are not blocked and the temporary pause in inspections will not affect mango and avocados in transit.

MCDONALD'S $25 'DEAL' GOES VIRAL; USERS BLAME CALIFORNIA'S MINIMUM-WAGE INCREASE: 'YOUR NEW NORMAL'

The USDA did not close the specific reason for its decision, but a government source told Reuters that it was in response to an incident that happened at a pro-police protest in Paracho last week.

According to a USDA report from April, Michoacán exports the majority of Mexico's avocados. The country exported 1,933,325 metric tons of the fruits in 2023.

"While avocados are grown throughout the country, three states account for 90 percent of Mexico’s avocado production – Michoacán with 73 percent of production, Jalisco with 12 percent, and the State of Mexico with 5 percent," the report explains.

HISTORIC CALIFORNIA TOWN HITS MARKET FOR STUNNING SUM

"Historically, Michoacán has been the leading avocado producing state, and until 2022 it was the only state eligible to export avocados to the United States."

This is not the first time the USDA has halted inspections of produce from Michoacán. In 2022, the U.S. government suspended avocado shipments after one of its workers had received a threatening call.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Michoacán has had long-standing issues with gang violence. Last year, the Mexican government sent more than 1,200 troops to the state to address ongoing violence from drug cartels.

Reuters contributed to this report.

For more Lifestyle articles, visit foxbusiness.com/lifestyle.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.