Pilgrim's $1.3 Billion Investment to Boost Mexican Poultry Industry

Pilgrim's plans an investment of $1.3 billion in Mexico over the next five years, aiming to reduce the country's chicken imports by 35%, according to Economy Minister Marcelo Ebrard.

Mexico's poultry industry is set for significant growth as Pilgrim's announces a $1.3 billion investment over the next five years. The move, confirmed by Economy Minister Marcelo Ebrard, aims to bolster domestic production capacity.

This strategic investment is expected to reduce Mexico's reliance on chicken imports by 35%, marking a substantial shift towards self-sufficiency in the poultry sector.

The development underscores the country's commitment to strengthening its agriculture sector and reducing food import dependency, while potentially creating new jobs in the industry.

(With inputs from agencies.)