El Salvador Food Prices in Decade-High Hike; Mexico to Maintain Crude Exports

A roundup of Friday’s news from across Latin America

Bloomberg Línea
March 18, 2022 | 09:45 PM

Bloomberg Línea — El Salvador’s staple food prices saw their sharpest rise in a decade in February, up 9.45% compared with the same month of 2021, according to the central bank.

Mexico will maintain its crude oil exports at around one million barrels per day to take advantage of the current high rises, in a U-turn by President Andrés Manuel López Obrador, who had previously announced a plan to cut the country’s oil exports by half.

On the region’s stock markets, Mexico’s (MEXBOL) posted the highest gains in Latin America, with the S&P BMV/IPC closing up 2.03%, while Brazil’s Ibovespa (IBOV) was the second best performer, gaining 1.98%.

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Following is a roundup of Friday’s news from Bloomberg Línea and Bloomberg reporters across Latin America.

Argentina:

Brazil:

Ecuador:

El Salvador:

Mexico:

Read More: The Long and Winding Road to Mexico City’s New Airport

Uruguay:

Venezuela: