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Post forecasts marketing year (MY) 2024/25 production at 0.91 million 480-lb bales, basically flat compared to MY 2023/24 due to high input costs, drought conditions, power outages, and lack of access to new genetically engineered seed varieties.
In 2023, Mexico imported $51 billion of food ingredient products, of which 63 percent were sourced from the United States. Mexico’s food processing industry is the second largest in Latin America, behind Brazil, making Mexico a top destination for U.S. food ingredients.
Lower feed prices are expected to boost producer profits in 2024, thereby increasing domestic beef and pork production. Beef imports are forecast to decrease, and pork imports are expected to remain nearly flat.
The outlook for Mexican grain production in marketing year (MY) 2024/2025 is higher year-on-year for corn, wheat, rice, and sorghum based on farmer planting decisions on more average weather conditions and a gradual recovery from exceptional drought conditions.
Total cotton production for marketing year (MY) 2018/19 is forecast at a record 1.89 million bales, 18 percent higher than the previous marketing year.
Exports of agricultural and related products to Mexico totaled USD 18.6 billion and accounted for a 47 percent increase in the last ten years.
Fluid milk production in Mexico continues its steady growth as it works to supply its processing sectors, particular its ever-growing cheese production.
Mexico imported nearly $4.4 million of frozen duck meat in 2017.
Sonora’s growing pork industry will be the key driver of the growth of U.S. feed ingredients and pork genetics in the state.
The Secretariat of Agriculture Livestock, Rural Development, Fishery and Food (SAGARPA) published a Mexican Official Norm that sets out new requirements for conducting evaluation studies....
Mexican Hass avocado production is forecast at 1.9 million metric tons (MMT) or more for marketing year (MY) 2018/2019.
USDA FAS Cooperators in Mexico are beginning the programming of events for a second year of a Global Based Initiative that has already successfully delivered the message of healthy eating....