2329 GMT - Higher Mexican tequila production in February supports Orora's view that orders with its Saverglass unit have been strengthening since November, Barrenjoey says. Mexican tequila output rose by 8% last month compared to a year earlier, following flat production growth in January. Tequila exports increased 24% in February, representing the third consecutive month of more than 20% growth, which analyst Brook Campbell-Crawford thinks could be tariff-related. "Tequila exports have remained positive in every month of FY 2025 so far, which suggests to us that U.S. distributor/retailer destocking in tequila categories could be close to completion," Barrenjoey says. "This should be a lead for production given the U.S. consumes nearly half of Mexican tequila produced." (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
March 09, 2025 19:29 ET (23:29 GMT)
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