The Government of Mexico recently issued a decree reflecting an agreement with a number of private companies aimed at reducing prices for basic foods, including some pork and beef cuts. The decree includes an effort to attract additional suppliers to the Mexican market, building on a decision earlier this year to suspend duties on most imports of pork, beef and poultry.
Mexico currently bans or restricts meat imports from certain countries based on animal health regulations and food safety standards. Erin Borror, U.S. Meat Export Federation (USMEF) vice president for economic analysis, explains that the decree initially raised serious concerns that these guidelines might be eased. While it now appears Mexico will continue to enforce these regulations, additional suppliers could still enter the market under certain conditions. Specifically, Borror discusses the potential impact of Brazilian pork and beef, which Mexico currently bans due to foot-and-mouth disease.
The USDA Foreign Agricultural Service recently issued a GAIN Report that includes an unofficial translation of the decree, which entered into force Oct. 20, 2022.
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