Mexican meat exports fall by more than 14%

Published 2023년 3월 23일

Tridge summary

The Agricultural Markets Consulting Group (GCMA) report for the first two months of 2023 highlights a decrease in total meat exports by 14.3%, despite a 11.6% rise in imports, driven by high pork prices. Bovine farming experienced a contraction but maintained a surplus of almost 200 million dollars. Livestock exports saw a 13.9% drop in bovine meat but a 30.7% increase in live calves exports. Pork exports fell by 14.2% due to China's halt in purchases, while poultry imports surged by 26.1%, hitting a record high of 160,000 tons, attributed to a 12% decrease in per-unit price. Mexican poultry exports, on the other hand, remained stagnant.

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

Original content

The Agricultural Markets Consulting Group (GCMA) reported that in the accumulated between January and February total meat exports (80,064 t.) fell 14.3% while total imports rose 11.6% with a 25.4% higher value, mainly due to high prices on pork. Bovine farming, with contractions but continues with a surplus of almost 200 million dollars. By subsector, in the case of livestock, shipments of bovine meat fell by 13.9% with something close to 49,000 tons, however the export of live calves rose 30.7%. Regarding imports, Juan Carlos Anaya's consultancy —which incidentally just completed 27 years of operations— explained that these were 16.2% higher, with 30,400 and a value almost 13% higher, of 228.6 million dollars. Despite this, the Mexican bovine trade balance (which includes meat and live cattle) is in surplus with 198.6 million dollars. YOU MAY BE INTERESTED: The Agricultural Market Consulting Group presented its expectations, and announced that the value of the livestock sector ...

Source: Ganaderia