The Great Agave Bust Unfolds As Tequila Oversupply Worsens

Tequila inventories in Mexico have surged past half a billion liters, approaching the country's annual production levels, as demand slows in key markets like the US. The oversupply crisis has translated into the second bust cycle for agave prices since the Dot Com crash 25 years ago.

Mexico's Tequila Regulatory Council shared data with Financial Times