Corn exports were up 47 percent to 2.7 million metric tons. Wheat exports were up 56 percent to 726,000 tons and soybeans increased 69 percent to 1.1 million tons. While high-value exports will likely be well below 1994's record level, first quarter 1996 figures indicate that meat, dairy, and horticultural exports should surpass the reduced levels of 1995. Peso stability, coupled with a 2.2 percent rise in GDP, inflation reduced to 30 percent, and interest rates down to 26 percent, signal modest economic recovery is underway. No part of this publication may be copied or redistributed for commercial purposes.
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