Mexican Pork Import Policy Sparks Price Hikes and Concerns
Mexico's pork import policy is expected to lead to price increases of 20-40% due to inadequate quotas and delays in auctions. The policy has yet to stabilize the market and substitute the PACIC, despite generating over $500 million for the federal government. This comes as demand for pork has grown 7.8% last year, outpacing production growth of 3.1%.