Mexico will increase imports of pork
Mexico is to remain an importer of pork despite the fact that the country reported one of the biggest rates of growth in pork production in 2017 (5.3%), according to a Genesus Inc. report.
Fernando Ortiz, one of the company's experts noticed that the consumption of pork in Mexico would continue with a growth trend during 2018. "Between 2006 and 2017, the apparent pork domestic consumption increased at an annual average rate of 3.9 percent. It is estimated a consumption of 2 million tons of pork in 2018 or about 15.4 kg per capita per year. However, Mexico doesn't have enough supply to satisfy its own demand, so it continues to import pork, mainly hams and mechanically deboned meat from the United States. So, Mexican pork imports are increasing since 2011", explained Ortiz.
In fact, his report mentioned that between 2006-2016 official data show a deficit trade balance of 620,000 tons. That is a result of a combination of exports and imports as the North American country has increased its pork exports to Japan and intends to expand to other Asian countries. "During the 2006-2015 period, Mexican pork exports grew at an annual average rate of 8.1 percent. In other words, exports went from 48.2 thousand tons of pork in 2006 to 108,000 tons in 2016. Japan has been the main importer of Mexican pork. Also, Mexico has just received recognition from Japan as a Classical Swine Fever (CSF) free country, which would allow export of pork from all the states of the country", mentioned Ortiz in his report.
Still, at this moment, Mexican pork industry is facing tremendous health problems developed in the last few years. Higher mortality of pigs has made a big hole in the market. PED has been a huge factor affecting a huge area of the country since 2014. As a result, prices are good and considerably higher compared with the US price on pork. That led to an increase in production in 2017 by 5.3% making it the number one country in the world for percentage pork production increase.
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