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USDA Sugar Reports

Mexico: Sugar Semi-annual


9th October 2023

Post forecasts Mexico’s sugar production at 5.95 million metric tons raw value (MMT-RV) for marketing year (MY) 2023/24 (October 1 – September 30), 8 percent higher than in MY 2022/23 due to reduced fertilizer prices, but below MY 2021/22 production due to continued widespread drought.

Post estimates sugar production for MY 2022/23 at 5.53 MMT-RV due to drought conditions and high fertilizer costs.

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