Mexican cheese imports will continue to grow

Published Nov 5, 2020

Tridge summary

The USDA forecasts a growth in Mexican cheese imports in 2020 and 2021, reaching 129,000 tons and 132,000 tons respectively. Despite economic and pandemic challenges, the majority of these imports are used in the food service industry. There was a decrease in imports during the initial lockdown, but they rebounded as e-commerce and food delivery services increased retail demand. The United States is the primary supplier of cheese exports to Mexico, followed by the Netherlands. Mexico's cheese consumption is expected to rise to 572,000 tons by 2021, driven by home cooking and food delivery trends.

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

Original content

ROBERTO MORALES. THE ECONOMIST. Mexican cheese imports will maintain year-on-year growth in 2020 and 2021, projected the United States Department of Agriculture (USDA, for its acronym in English). Mexican cheese imports will maintain year-on-year growth in 2020 and 2021, projected the United States Department of Agriculture (USDA, for its acronym in English). These external purchases would grow 3.2% in the current year, to 129,000 tons, and would rise 2.3% in 2021, to 132,000 tons, according to their estimates. "In 2020, Mexico's economic and pandemic problems negatively affected its cheese imports, but not as deeply or negatively as expected," the USDA concluded in a report. In any given year, approximately 60% of Mexico's cheese imports go to food service and the remaining 40% to retail trade. In March and April, during the total shutdown of the hotel and restaurant sector, cheese imports plummeted. However, in May 2020, external purchases of cheese began to grow as e-commerce ...

Source: Inforural