When Mexico was hit by Hurricane Maria, ranchers, chicken farmers, poultry processors, and other meat industry workers and retailers were in shock.
But that doesn’t mean the country’s beef industry has suffered, and it’s thriving.
Today, Mexico’s meat market is booming, with new beef shipments up by more than 80 percent this year and a record 6.2 million bales sold.
The boom comes after a year of uncertainty over the future of the country, which has been on the front lines of fighting the devastating effects of Hurricane Maria.
Since President Enrique Peña Nieto took office, Mexico has been a leader in fighting climate change, and Peña has made tackling that a central part of his legacy.
But the nation’s beef producers, processors, processors’ and distributors have been struggling to keep up with demand from the hurricane.
The country’s industry suffered a massive drop in 2016 and 2017, and the country lost millions of bales in 2016.
That was after Mexico’s farmers and processors had already been forced to lay off hundreds of thousands of workers and farmers across the country.
But since Peña took office in October, he’s taken steps to stabilize the economy, including boosting the minimum wage, introducing tax credits to boost the nation, and increasing taxes on big retailers like Wal-Mart and Amazon.
Those measures have helped boost beef sales.
While Peña’s government has made some gains, the country still lags behind other major meat exporters like China and Japan, which are seeing growth rates of 70 percent or more.
In the past two years, Mexican beef exports have been up by almost half compared to a decade ago.
And Peña is committed to making Mexico a global leader in sustainable agriculture.
He told reporters last month that the country needs to improve its capacity to produce beef to meet future demand.
“If we can increase production by 30 percent or 40 percent, we will be able to feed the world more than 10 billion people,” Peña said.
The peso is down since Peñas election, and he has said he’ll make the peso more competitive by lowering the countrys trade deficit with the United States, a major export market.
But as the country grapples with the aftermath of Hurricane Harvey, Mexico is looking to boost its exports in other ways.
A deal to reopen the country to foreign investment has put Mexico’s government in a good position to sell more beef, said Antonio Gonzalez, a professor of international trade and economic affairs at the University of Arizona.
He believes Mexico can compete with the U.S. and China for beef, which makes up nearly 60 percent of the world’s market.
“It’s not a big challenge to us.
We don’t need to go to China or Russia,” Gonzalez said.
“We have a lot of opportunities to export beef.”
While the Mexican government’s priority is to protect its cattle, it’s not the only concern for the nation.
A recent study found that the Mexican economy is on the verge of a $400 billion import glut that could hurt the economy.
The U.N. Food and Agriculture Organization says there could be up to 100 million cases of foodborne illnesses and more than 15 million cases worldwide, with an estimated $3 trillion worth of goods lost in the first six months of 2018.
“The situation is really dire,” said Eduardo Rangel, an analyst with Capital Economics, a research firm.
“The food is not cheap and people are not buying it.
They are eating it, but they are going to be eating it more and more.”
The U.F.O. report says that Mexico’s imports from China were down 2 percent in 2018, and its imports from Japan and Brazil were down by 10 percent and 16 percent, respectively.
Meanwhile, Mexico exported almost 2 percent of its beef in 2018 to China, up from less than 1 percent a year earlier.
In recent years, Mexico was among the fastest growing economies in Latin America, but its economic growth slowed in the wake of Hurricane Katrina.
That caused the government to cut spending on infrastructure, and Mexico’s debt ballooned, making it more difficult for the country and its farmers to compete with China and other countries that have more robust economies.
The government says the government will be more competitive, but many are worried that a weaker peso could hurt exports and create more uncertainty.
But Rangel said Mexico has other ways to grow its economy, such as increasing the value of its exports.
“I think it’s important for us to focus on what we can export, not just what we have in our backyard,” he said.
Mexico has made strides to improve the quality of its meat in recent years.
Last year, the Mexican Government Accountability Office said that the industry has improved, with more than 100,000 inspections a year and improvements in the safety of meat processing equipment.
In February, the U.”s Food and Drug Administration said that