Mexican imports of animal protein grow by 11%

Published Oct 4, 2021

Tridge summary

According to the Agricultural Markets Consultant Group (GCMA), to fulfill the rising domestic demand, Mexico imported 3.6 million tons of beef, pork, poultry, eggs, and milk from January to August 2021, marking an 11.2% increase compared to the previous year. The cost of these imports surged by 54.3% to 3,791 million dollars. The country's total consumption of these foodstuffs rose by 3.9% to 18.6 million tons, surpassing 2020 figures. Although Mexico's production of these foods grew by 2% to 15.5 million tons, it fell short of the demand. The value of the country's production from January to August reached 15.288 million dollars, a 28.5% increase compared to 2020. The GCMA forecasts a minor 2.3% increase in production to 23.8 million tons by the end of 2021, but anticipates a more significant 6% rise in imports, totaling 5.4 million tons.

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

Original content

Figures from the Agricultural Markets Consultant Group (GCMA) indicated that during the first eight months of 2021, imports of beef, pork, poultry, eggs and milk totaled 3.6 million tons, 11.2% more than in 2020. The expense derived from these purchases rose to 3,791 million dollars, after giving a considerable jump of 54.3% over the records corresponding to the same period of the previous year. These imports were necessary to cover domestic consumption, which until August reached 18.6 million tons, a volume higher than that recorded in 2020 by the order of 3.9%. The consulting body indicated that in these eight months, the Mexican production of such foods showed a rise of 2%, however, with this advance it scored 15.5 million tons, so it was not enough to meet the demand. The value of the volume of beef, pork, chicken, eggs and milk generated at the national level between January and August was 15.288 million dollars, a price that exceeded that registered in 2020 by 28.5%. ...

Source: Porcicultura