Poultry prices are rising in Mexico
Mexicans are expected to reduce their turkey meat consumption for Christmas as poultry prices are on the rise, with 20,8% added for turkey imports and 25% for chicken meat. Data offered by the Mexican Council of Meat (Comecarne) reveals that the increase in freight prices, grains for animal feed caused a rise in meat prices. According to Ernesto Hermosillo Seyffert, president of Comecarne, these market conditions are expected to remain present for at least 6 months from now and consumption will certainly drop.
Last year, meat consumption in Mexico dropped 0.1%, with a 0.1% drop in beef, -2.6% in pork and -2.1% in cold cuts. On the other hand, chicken meat recorded a high of 1.6%.
In Mexico, December is usually one of the months that brings an increased demand for turkey meat, about 27% up from the average volume consumed monthly.
In 2021, the average price per kilo of imported turkey increased by 20.8%, from 40.95 pesos ($1.95) to 49.97 pesos ($2.38) per kilo, with the largest increases in Chilean turkey rising by 53.5%, already which on average was imported in 2020 at 51.17 pesos ($2.43) per kilo and in 2021 it rose to 78.53 pesos ($3.74) per kilo.
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