To reduce inflation, Mexico has announced the suspension of import tariffs for chicken meat and another 26 products among food and agricultural inputs. The measure is valid for a year and benefits countries authorized to export these products to the Mexican market.
Inflation in Mexico stands at 7.68% annual rate, almost double the target from their central bank.
Brazil is one of the main suppliers of chicken meat to Mexicans and entities linked to the sector hope to increase the volumes sent to this destination. According to data from the Brazilian Association of Animal Protein (ABPA), Mexico is the eighth largest importer of chicken meat in Brazil. Between January and April, the country imported 58,500 tons, 128.6% higher than the same period in 2021, with 25,600 tons.