According to USDA, pork production in Mexico in 2019 is forecast at 1.36 million MT based on increasing consumer demand stable feed prices, and the modernization efforts of the Mexican industry. The production estimate for 2018 increased to 1.32 million MT based on government production estimates.
The consumption forecast for 2019 is increased to 2.4 million MT, as demand for pork is expected to continue because of lower prices and consumer preference. The consumption value for 2018 was raised slightly to 2.326 million MT based on higher impo rts and continued demand.
Trade Imports of pork for 2019 are forecast at 1.25 million MT, demonstrating the continued demand for pork for the consumer and processing sectors. The 2018 value for imports is raised to 1.2 million MT based on official trade data.
Exports of pork in 2019 are expected to increase and are estimated at 205,000 MT. The 2018 value was increased to 195,000 MT based on official trade data. Japan is the main destination for almost 75 percent of Mexico’s pork exports, with Mexi co shipping almost 90 MT of fresh, chilled, and frozen pork to Japan between January and November 2018. Mexico also shipped sizable amounts of pork to the United States (13.8 MT) and South Korea (13.1 MT) and posted notable export increases to China and C hile during the same period.
Thursday 15 February, 2019/ GAIN-USDA/ United States.