Mexico: Dairy and Products Annual

Milk, cheese, and butter production in 2024 are forecast to increase due to relatively lower input and dairy ingredient prices and strong domestic demand. Mexico is forecast to remain a net importer of skim milk powder due to competitive international pricing and no significant increases to installed milk drying capacity. Whole milk powder production remains flat, while imports are forecast to increase. As inflation in Mexico moderates, consumption of dairy products is forecast to increase in 2024.