Mexico Expects to Produce More Milk

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El Heraldo de México

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Publicado: 21/10/2024 · 12:35 p.m. MX | Actualizado: 21/10/2024 · 12:35 p.m. MX

The Mexican Association of Milk Producers (AMLAC) expects to end 2024 with a growth in milk production of up to 2.2% compared to last year, due to the sector’s strengthening, said Octavio Hernández Álvarez, the organization’s general director.

For 2025, the outlook is to grow between 2.1% and 2.2%, with a positive outlook on per capita consumption, he highlighted at the 21st Global Agrifood Forum: Innovating for Food Security.

He detailed that the country produces between 74% and 75% of the milk it consumes, which means that imports are necessary to cover the remaining demand, resulting in a slight impact on the national supply.

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He noted that the industry depends on the United States as the main supplier due to its proximity to Mexico. However, he ruled out an increase in exports from that country for next year, given the exchange rate levels, estimated at 19.90 pesos per dollar, and greater milk availability worldwide.

He explained that, from the producers' perspective, a high exchange rate is beneficial as it raises milk prices in the markets.

Nota publicada originalmente en El Heraldo de México.

El Heraldo de México