Mexico will continue to be a net importer of pork products

Published 2021년 9월 28일

Tridge summary

Mexico has experienced a 15% rise in pork imports year-on-year as of May, reaching for imported pork to compensate for a dip in local production. The United States and Canada have been significant suppliers, aiding in price stability. Mexico has introduced a duty-free import quota of 10,000 metric tons to further reduce prices. Despite an expected growth in exports, Mexico will continue to be a net importer of pork products. Pork prices in Mexico remain at record highs due to previous sanitation issues and herd liquidation, although this has helped offset increased production costs. However, the industry's expansion is constrained by productivity challenges, with a projected decline in production by 2% in 2021.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

To offset the short-term decline in local production, Mexico has turned to imported pork, with a 15% year-on-year increase in imports as of last May. Imports from the United States and Canada have helped offset losses in domestic production and stabilize prices, reports an analysis by Rabobank. Mexico –indicates the information released by the CNA– also announced a duty-free import quota of 10,000 metric tons to help ease domestic prices in the short term. The agency projects that Mexico's exports will grow in the coming years; But this country will continue to be a net importer of pork products, since total exports represent only 20% of the total volume of imports. In this context, Mexican pork exports fell 5% year-on-year in volume last April; however, they have increased 21% to date. According to the report, Mexican pork prices have stagnated at record levels, 44 pesos per kilo; Prices are expected to remain high, as availability remains limited, due to past sanitation problems ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.