April 10, 2012

Drought still destroys Mexico's crops

The worst drought in seven decades, which has destroyed agricultural production in most of Mexico, continues to hit the country.

According to the National Water Commission, the drought is expected to continue until the rainy season begins in summer of 2012.

The prolonged drought has affected 70% of the country and decimated agriculture in Mexican states of Coahuila, Aguascalientes, San Luis Potosi, Sonora, Tamaulipas, Zacatecas, and Durango (among others).

The financial losses of the drought have surpassed MXN16 billion (US$1.3 billion) including losses of MXN9 billion (US$710 million) for corn and MXN6 billion (US$280 million) for beans.