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- (-) October 2024
- (-) South Korea
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FAS/Seoul forecasts Korea’s 2025 milk production to decrease to 1.92 million tons. Korean milk production continues to decline in line with industry contraction and demographic-driven consumption declines.
The competent Mexican authorities which regulate food and agricultural imports and/or require official U.S. export certificates include the Secretariat of Agriculture (SADER), Secretariat of Health (SALUD), Ministry of Environment and Natural Resources (SEMARNAT), and the Secretariat of the Treasury and Public Credit (HACIENDA) No significant changes occurred vis-à-vis Mexican import standards and regulations in 2023.
Mexico’s dairy market is forecast to expand in 2025. Higher milk and dairy ingredient availability are expected to increase domestic cheese and butter production.
Mexico’s retail sector remains a dynamic industry with sales reaching $78.4 billion in 2023. Although the majority of consumers still turn to traditional markets, modern chains like Walmart and Soriana continue to attract middle and high-income consumers.
Mexico’s 2024 peach production is forecast at 266,400 metric tons (MT), a three percent increase over 2023, driven by steady domestic demand and minimal exports.
Post forecasts Mexico’s sugar production at 5.4 million metric tons raw value (MMT-RV) for marketing year (MY) 2024/25 (October 1 – September 30).