Mexican chilled beef exports during July 2012 kicked 85% year-on-year, totalling 8,509 tonnes swt, with the increase underpinned by a 61% rise in shipments to the US.
For the same period frozen beef exports improved 18%, to 5,536 tonnes swt.
For the first seven months of 2012, Mexican beef exports had increased 43% year-on-year, supported by larger volumes to the US (50,305 tonnes swt, up 47%), Japan (13,504 tonnes swt, up 29%) and Russia (21,023 tonnes swt, up 54%).
Mexican beef imports declined throughout July, dropping 16% on the corresponding period in 2011, to 13,129 tonnes swt.
The main contributor to the reduced volume was a 12% decline in the importation of US beef, at 11,184 tonnes swt.
Increased US beef prices, resulting in Mexican buyers reverting to cheaper protein has been the main reasons behind the decline in the importation of US beef, along with the rise in Mexican exports to the US.
Source: Argentine Beef Packers S.A.
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