USDA Sugar and Sweeteners Outlook – 16th November, 2023

In the November 2023 World Agricultural Supply and Demand Estimates (WASDE), Mexico’s sugar production in 2023/24 is reduced from last month by 245,000 metric tons (MT), actual weight to 5.330 million amid widespread drought conditions. The reduced production forecast translates to lower exports to the United States and deliveries to the Industria Manufacturera, Maquiladora y