Mexico: Sugar Annual
Link to report:
Mexico looks to recover sugar production in marketing year (MY) 2020/21, after a severe drought in a number of sugar cane producing states devastated production in MY 2019/20, which is forecast to fall to seven year lows. While an unprecedented shortfall in U.S. sugar production, also due to adverse weather, has increased needs for Mexican sugar, supplies are not sufficient to meet demand. As a result, the U.S. has opened up additional tariff rate quotas to obtain sugar from other producing countries. Rains have begun to fall in five important sugar cane producing states, signaling some potential relief to the sustained dry conditions.
