MEXICO DAIRY COMPANIES STRUGGLE AGAINST WEAK PRICES AND IMPOVERISHED CONSUMERS
May 22nd, 2015
Dairy producers in Mexico have turned to product diversification boost sales and avoid more profit losses caused by an increase in costs, weak purchasing power within lower income consumer groups and competition from non-dairy alternatives. Beatriz de Llano, an analyst for market researchers Euromonitor International, said average unit prices in the sector rising by 7% annually in 2014, because of a rise in farm gate prices caused by cattle feed cost inflation - from MXN5.90 (USD0.38) per litre in 2013 to MXN6.50 (USD0.41) per litre in 2014. De Llano said that ...
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