In this file:
· Genesus Global Market Report: Mexico
Mexican pork exports grew 9.5 percent in 2016, compared to the previous year…
· Mexico, looking south, sees trade deal with Argentina around year's end
Genesus Global Market Report: Mexico
Fernando Ortiz, Genesus Inc.
Apr 19, 2017
Mexico increases pork exports
Mexican pork exports grew 9.5 percent in 2016, compared to the previous year.
Last year, pork sales abroad totaled more than 432 thousand tons, unlike the 395 thousand that were exported in 2015, the main destinations are Asia, Japan, South Korea and China.
The Japanese market is one of the most important for this meat product, four out of every five tonnes exported go to that country.
In addition, the renewed political and trade relationship between Mexico and China will allow pork exports, among other agrifood products, to increase in the short and medium term, in light of the Asian giant's high demand.
Data from the Agri-Food and Fisheries Information Service (SIAP) indicate that pork production in the country in 2016 grew by 49 thousand tons (3.75 percent growth compared to 2015, with 1,364,200 tonnes).
The same agency - referred to SAGARPA - reported that the six main pork producing states are Jalisco, with 265,217 tonnes; Sonora, 234,639; Puebla, 166,947; Yucatan, 135,442; Veracruz, 122,329, and Guanajuato, 110,489 tons.
Data from the SIAP show that the national inventory is more than 1.7 million head of pigs and that per capita consumption is 16.3 kilograms.
Pork prices have been much steadier over the last three weeks, considering that seasonality has been a critical factor (40 days Lent and Easter) that has negatively affected red meat consumption. We think the price will recover as the warm season looms, and more pork leave Mexico to international destinations.
Mexico, looking south, sees trade deal with Argentina around year's end
By Nicolás Misculin, Reuters
Apr 18, 2017
BUENOS AIRES | Mexico, seeking closer ties with the rest of Latin America, expects to finish negotiations on a trade deal with Argentina involving cars and agricultural products around the end of the year, Mexico's deputy minister for foreign trade said in an interview on Tuesday.
Mexico has been trying to diversify its trade partners since Donald Trump was elected president of the United States, its biggest export market.
A team of Mexican negotiators led by deputy minister Juan Carlos Baker arrived in Buenos Aires this week to advance talks that started last year, when Argentine President Mauricio Macri pledged to open the South American nation's economy.
Under the deal, Argentina could gain part of the lucrative grains market in Mexico, Latin America's No. 2 economy, Baker told Reuters.
In 2015 Mexico imported $2.3 billion worth of U.S. corn and $1.4 billion of U.S. soy. But Baker said those numbers will likely decrease under a renegotiated North American Free Trade Agreement called for by Trump.
"The potential is there," Baker said...