Mexico: Pork exports fell about 15% in the first half of the year
333 Latin America with data from Agricultural Market Advisory Group (GCMA)/ Mexico.
https://gcma.com.mx/
- At the end of the first half of the year, pork imports totaled 737,442 tons (t), an increase of 3.5% over the same period in 2022.
- The total value of imports reached USD 1450.7 million, resulting in an implicit price of USD 1967/t, which represents an increase of 10.6% compared to the average recorded in the same period of the previous year (USD 1779/t).
- Strong demand from the processing industry continues, driving imports, despite rising prices.
- The volume of exports consolidated in the first half of the year fell 15.6% compared to the same period of the previous year, from 120,227 to 101,515 tons.
- The value of exports (USD 401.9 million) decreased by 16.9% and the average export price was USD 3959/ton.
- The absence of pork sales to the Chinese market would explain, to a large extent, the drop in exports during the period under analysis.