Despite the drop in imports, Mexico continues to depend on foreign animal protein

Published 2024년 6월 4일

Tridge summary

In the first quarter of 2024, Mexico saw a decrease in its animal protein imports by 7.1%, totaling 1.9 million tons, despite a 6.6% increase in expenditure to 2,476 million dollars. The country's apparent consumption grew slightly, but still fell short of its local supply of 7.8 million tons, which increased by 1.7% from the previous year. Despite a decrease in exports, income from them increased by 5%. The report projects a slight decrease in both imports and exports by the end of the year, maintaining a negative balance. However, domestic production is expected to grow by 2.2% to 25.5 million tons by the end of 2024.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

During the first four months of 2024, Mexico reduced its imports of animal protein by 7.1% year-on-year, which means that it acquired 1.9 million tons of pork, beef, chicken, bovine milk and eggs for dishes. According to the report from the Agricultural Market Consulting Group (GCMA), although the behavior in volume was downward, a contrary trend was observed in the expenditure made for the acquisition, with 2,476 million dollars, 6.6% more. YOU MAY BE INTERESTED: TIF Seal: a symbol of trust for Mexican and international consumers This was partly due to the fact that apparent consumption experienced a slight contraction of 0.1% compared to the same period last year, remaining at 9.6 mt.; However, this figure still represented a deficit compared to the local supply. And from January to April, the national production of these livestock goods stood at 7.8 mt., after an increase of 1.7% versus 2023, being enough to guarantee an index of 81.4% in food security. However, the favorable ...

Source: Ganaderia