Mexico: Mexico Announces Sugarcane Reference Price
The National Committee for the Sustainable Development of Sugarcane (CONADESUCA), through the Secretariat of Economy (SE), published in the Diario Oficial (Federal Register), the standard sugar reference price to determine the cane payment for MY 2018/19. This reference price is also the price that should be used to calculate final sugarcane payments for the MY 2017/18 crop. The reference price is $12,711.52 pesos per MT ($627.11 dollars/MT at $20.27 pesos per dollar exchange rate).
