Why has Mexican livestock farming been one of the economic activities with the best dynamics in 2021

Published 2021년 8월 27일

Tridge summary

The Colombian livestock sector experienced an 8.8% economic growth in the first half of 2021, recovering from a -7.4% growth in the same period in 2020, driven by increased spending by companies and households, and the positive impacts of the National Vaccination Plan. The sector saw a 4% rise in bovine and buffalo cattle profit. Slaughter of bovines increased by 4.4%, driven by the recovery of household income and better dynamics of meat exports, which grew by 71.5% compared to the same period in 2020. Live animal exports also increased by 8.8%. However, the sector faced a 4.6% drop in industrial stockpiling of milk, with imports of milk and dairy products decreasing due to the high exchange rate and international prices. Exports of milk and dairy products improved, increasing by 131% in the first half of 2021.

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

Original content

One of the sectors with the best dynamics in the first half of the year was livestock, which confirms that this economic activity is not only essential in our country but is also a spearhead to get out of the crisis unleashed by the coronavirus pandemic . In recent days the National Administrative Department of Statistics (DANE) reported that the economy grew 8.8% in the first half of the year, recovering significantly compared to the report for the same period in 2020, when it was -7.4 %. This growth is due to higher spending by companies and households and the positive impacts of the National Vaccination Plan that have opened up more economic activities. (Report: Bovine and buffalo cattle profit rose 4% in the first half of 2021) Within this improvement, it is worth highlighting the behavior of the agricultural sector, which registered a growth of 3.8% in the first half of the year, due to the contribution of temporary, permanent agricultural crops (except coffee), and livestock ...

Source: MXContexto