In eight months, Mexico has already produced more than one million tons of pork

Published 2021년 9월 28일

Tridge summary

The Mexican swine industry experienced a 3.1% increase in pork production in the first eight months of 2021, reaching 1.09 million tons, according to the Agricultural Markets Advisory Group (GCMA). This increase was due to heavier slaughter weights. The production's value rose by 53% to $2,073 million, driven by a 35.7% increase in the price of live pigs. Despite this growth, apparent consumption surpassed supply by 10.2%, leading to a 19.8% increase in pork imports, totaling 835,000 tonnes valued at $1,618 million. The GCMA predicts a 3.5% growth in domestic pork production by the end of the year.

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

Original content

During the first eight months of 2021, the Mexican swine industry produced a total of 1.09 million tons of pork, which represented a 3.1% increase over the records corresponding to the same period in 2020. According to the Agricultural Markets Advisory Group (GCMA), this increase in processing was caused by higher slaughter weights compared to the previous year. The advisory body detailed that the value of this production reached a total amount of 2,073 million dollars, which increased 53%, making the comparison for the period from January to August 2020. The report highlighted the increase in the price of live pigs, which was an average of 38 pesos per kilo, 35.7% higher than that recorded in the same period of the previous year. Despite the growth in production, apparent consumption continued to exceed supply, standing at 1.7 million tons, 10.2% more than in 2020. This, ...

Source: Suinoculturaindustrial