July 2024 marked a notable shift in Mexico’s poultry trade, with imports of Brazilian chicken more than doubling from previous months. This significant rise stems from a combination of economic strategies and targeted policy changes, reshaping the dynamics between the two nations.
The sharp hike in Brazilian chicken imports ties directly to Mexico’s strategic efforts to combat inflation and secure food supplies. The 2022 introduction of the Paquete Contra la Inflación y la Carestía (PACIC) by the Mexican government played a crucial role. By removing tariffs on imported meats, including chicken, PACIC made Brazilian poultry a more attractive option for Mexican buyers, driving up demand.
Brazil’s position as a dominant force in the global poultry market underpins this surge. As the leading chicken exporter worldwide, Brazil offers high-quality products at competitive prices, supported by a well-developed farming and processing infrastructure. The reliability and quality of Brazilian chicken have firmly established it within Mexico’s market, making it a preferred choice.
The impact of Mexico’s policy shift is clearly visible in trade figures from July 2024. The volume of Brazilian chicken entering Mexico more than doubled, setting a new record. This spike reflects a growing preference for affordable poultry options within the Mexican market, spurred by the favorable conditions established under PACIC.
Expectations point to continued growth in Brazilian chicken imports, provided current economic policies remain in place. Mexico’s ongoing focus on inflation control and food security will likely sustain this upward trend in poultry trade with Brazil.
IMEX SECTOR | Japan’s Seafood Exports Plunge 16.9% Due to Fukushima Water Release Impact