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Mexican pork exports down 10%

Shipments to China totaled just 1,749 t in the January-November period.

Graph 1. Cumulative international pork trade in the period January - November. Prepared by 333 Latin America with data from the Agricultural Markets Consulting Group (Grupo Consultor de Mercados Agrícolas, GCMA).

Graph 1. Cumulative international pork trade in the period January - November. Prepared by 333 Latin America with data from the Agricultural Markets Consulting Group (Grupo Consultor de Mercados Agrícolas, GCMA).

17 January 2024
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Exports

  • Pork export volume in the January-November 2023 period decreased by 9.8% compared to the same period of the previous year, from 219,738 to 198,105 tons (t).
  • Export value (USD 765.5 million) decreased by 13.0% and the average export price was USD 3864/t.
  • Shipments to China totaled just 1,749 tons from January - November 2023.

Imports

  • Pork imports consolidated in the first 11 months of the year reached 1,442,109 t, an increase of 3.5% compared to the same period in 2022.
  • The total value of imports reached USD 2980 million, resulting in an implicit price of USD 2066/t and representing an increase of 0.1% over the average recorded in the same period of the previous year (USD 2063/t). The processing industry's demand is driving imports despite the increase in prices.
  • Approximately 18,000 tons of product from South America have been imported from Chile and more than 20,000 tons from Brazil.

333 Latin America with data from Agricultural Markets Consulting Group (GCMA). Mexico.
https://gcma.com.mx/

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