Aggressive costs riding gross sales
12 September 2023
1 minute learn
Mexico rooster meat intake is forecast to extend on aggressive costs in comparison to different meats and greater family earning, consistent with a up to date US Division of Agriculture (USDA) International Agricultural Knowledge Community (GAIN) document.
Mexico is the 5th greatest rooster meat shopper globally, and insist for rooster meat continues to upward thrust. Hen meat is Mexico’s maximum fed on animal protein, and in 2024 intake is forecast 3percentupper than 2023 at 4.9 MMT. In 2023, intake is estimated 2% upper than 2022 at 4.8 MMT. The speed of in line with capita intake expansion is forecast more potent in 2024 in comparison to 2023, pushed via greater rooster meat call for for processed merchandise akin to chilly cuts and frozen breaded rooster meat.
When the associated fee hole between rooster and red meat narrowed in Might 2023, shoppers endured to buy rooster meat at reasonably upper ranges than red meat.
Between 2018-2023, the minimal salary greater via double digits, emerging to $10.40 in line with day from $4.40 in line with day. Remittances have additionally climbed to the most powerful ranges in 10 years.
In 2023 and 2024, inhabitants expansion, blended with much less increased inflation, greater family earning, and remittances, are forecast to improve greater rooster meat intake.