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- (-) September 2024
- (-) October 2014
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The following is part of a series of reports prepared by the Agricultural Trade Offices (ATOs) in Monterrey and Mexico City, to provide background on local and regional markets of interest for current and prospective exporters of U.S. agriculture, food and beverage products.
The outlook for Mexican grain production in marketing year (MY) 2024/2025 is higher year-on-year for corn, rice, and sorghum based on higher-than-average precipitation and a gradual recovery from exceptional drought conditions.
In 2025, high domestic meat demand and lower prices of animal feed for both cattle and swine are expected to drive up overall cattle, beef, pig crop, and pork production. Despite relatively high inflation levels for food products, beef consumption is expected to grow as consumers shift purchases to more affordable meat cuts.
Post forecasts production for marketing year (MY) 2024/25 at 0.85 million 480-lb bales, a similar level as in MY 2023/24. The planting area is expected to decrease due to farmers switching to more profitable crops. Constraints on planted area and yield include limited seed technology, high input costs, extreme temperatures, and drought.
Mexico is the sixth largest poultry producer and fifth largest consumer globally. In 2025 production is forecast to grow as higher private investments in poultry sector and improved feed prices are expected to boost industry-wide productivity.
Due to generally favorable weather conditions throughout Mexico’s crop producing regions, production is expected to be higher in marketing year (MY) 2014/15 for most crops.
The Mexican dairy sector will again increase production in 2015. Milk, cheese, and most dairy products consumption continue to rise.
Mexican beef consumption continues to fall next year while pork rebounds slightly as the more affordable meat.
Sugar production for marketing year 2014/15 (Oct/Sept) is forecast to be about 6.3 MMT-RV. Sugar production for MY 2013/14 was revised downward to 6.382 MMT-RV due to adverse weather.