Mexican Femsa says tax hike would raise beer price

MEXICO CITY, Sept 29 (Reuters) - Mexican brewer and bottler Femsa would be forced to raise its beer prices by 11 percent if a government plan to hike taxes were approved, Genaro Borrego, the company's head of corporate affairs, said on Tuesday.

Mexican President Felipe Calderon has proposed a 2 percent sales tax on all products, including currently exempt food and medicine. He also wants to boost income tax and increase existing taxes on goods like beer, soft drinks and cigarettes. (Reporting by Cyntia Barrera Diaz, editing by Gerald E. McCormick)