Mexico: Sugar Annual
Link to report:
Post forecasts Mexico’s sugar production at 5.5 million metric tons raw value (MMT-RV) for marketing year (MY) 2024/25 (October 1 – September 30), 13 percent higher than the estimate for MY 2023/24. The increased production forecast is based on unseasonal rains in several sugarcane-producing states from October 2023 through January 2024, the planting season for the MY 2024/25 crop, and expected changes in weather conditions as La Niña phenomenon could begin towards the middle of 2024. The National Committee for the Sustainable Development of Sugar Cane (CONADESUCA) has not yet published an official MY 2024/25 forecast. On March 7, CONADESUCA published its third production estimate for MY 2023/24, showing a decrease in sugar production due to lower estimated planted area and lower factory yields.
