Mexico has accumulated unprecedented reserves of tequila, which have nowhere to put (3 photos)
Mexicans have their own problems with alcohol. They produce more than they sell.
In fact, there is a whole "lake" of tequila in the country now, with a total volume of 500 million liters.
The problems began 18 months ago, when the usually high demand for the popular drink rapidly collapsed due to a banal rise in prices. And the pandemic has come to an end, and people have simply started drinking less.
Now producers are counting their losses and worrying that they are in for a very difficult year. In Mexico, there are more than half a billion liters of tequila stored in warehouses, which is almost equal to the annual production volume.
According to data provided by the Tequila Regulatory Council, by the end of the year, there were 525 million liters of tequila in warehouses in the industry, which were either aging in barrels or awaiting bottling. The problem is that it is simply impossible to store the drink in barrels for more than 3 years; tequila, unlike other types of alcohol, evaporates faster than other types of alcohol. The taste and quality of the drink change.
The bulk was sold in the US, as much as 83%, and then the newly elected Trump threatens to introduce a 25% duty on exports, which will completely undermine the industry, which is already in a difficult situation. For comparison, Germany and Spain buy only 2% of the tequila they produce from Mexico.
Behind the tequila producers are farmers who used to sell agave (from which this drink is made) for 30 pesos per kg, now they are forced to keep prices within 8-6 pesos, and in wholesale markets the price can be around 2-3 pesos.
But the Mexicans are not discouraged and call Trump a windbag, saying that during his last reign he also threatened all the punishments from heaven, but in the end he did nothing terrible, and on top of that he even lowered taxes.