Magnetic recording medium including fatty ester and fatty acid ester

A magnetic recording medium comprising a magnetic layer including a magnetic powder,

• the magnetic layer including first particles having conductivity and second particles having a Mohs hardness of 7 or more,
• the first particles and the second particles forming protrusions on a surface on a side of the magnetic layer,
• the second particles forming protrusions having an average height (H2) of 7 nm or less on the surface on the side of the magnetic layer,
• the magnetic recording medium including a fatty acid and a fatty acid ester,
• the magnetic recording medium having an extraction rate of the fatty acid of 45% or more, the extraction rate defined by a formula described below:
• extraction rate of fatty acid (%)=[amount of fatty acid extracted in 5 minutes (mg/m2)/total amount of fatty acid extracted (mg/m2)]×100, and
• the magnetic recording medium having an extraction rate of the fatty acid ester of 60% or more, the extraction rate defined by a formula described below:
• extraction rate of fatty acid ester (%)=[amount of fatty acid ester extracted in 5 minutes (mg/m2)/total amount of fatty acid ester extracted (mg/m2)]×100.