Mexico: Sugar Semi-annual

Commodities

Precipitation in some sugar cane planted areas has not been beneficial for production for MY 2019/20, as drought that began in June has continued to affect a number of important sugar producing states. Therefore, Post sugar production for MY 2019/20 is forecast at 6.4 MMT-RV, a reduction of more than 5 percent from MY 2018/19, which was the second highest on record. While production is likely to decline, supplies will be sufficient to fulfill export commitments to both the United States and the world market. According to terms of the US-Mexico Sugar Suspension Agreement, the September quota for Mexican exports to the U.S. is 709,899 MT-RV. In December 2019, representatives from United States and Mexico are expected to meet for the five-year review of the agreement, as mandated by the United States Department of Commerce.

Mexico: Sugar Semi-annual