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According to the Agrifood Expectations report for the month of August, published by the Agrifood and Fisheries Information Service (SIAP), a general growth of 3.1% is expected for the production of meat carcasses for the main species by the end of 2022. Specifically for pork, production is estimated to reach 1,725,846 tons (t), which would mean an increase of 1.9% compared to 2021 (1,693,007 t).
Figure 1. Production expectations Mexico 2022
The report also indicates that the wholesale price, which includes the average of shoulder, fillet, loin, brisket, and leg, was MXN 79.6/kg for the second week of August, representing an annual variation of 3.8%, while the consumer price, which is the average of leg and loin, reached MXN 115.25/kg, which represents an annual growth of 4.7%.
Figure 2. Prices in second week of August 2022 in MXN
The above reflects the price competitiveness of pork, given that the annual variation of wholesale beef and poultry meat is 14.1% and 16.9%, respectively, while the year-on-year increase in consumer prices has been 12.3% and 14.6%, respectively.
Economics and Market Intelligence Department 333 Latin America, with SIAP data/ Mexico.
https://www.gob.mx/siap
