Mexico: Dairy and Products Semi-annual

Mexico’s milk, cheese, and butter production are forecast year on year growth of two percent in 2024. Dairy farmers are expected to mitigate the impacts of prolonged drought and heat conditions with previously stored forage, increased feed grain imports, and water storage mechanisms. Cheese and butter imports are forecast to increase based on more domestic demand. Overall, milk powder imports are forecast to increase driven by demand from the dairy processing industry and for reconstitution into fluid milk for social programs.