Mexico: Sugar Semi-annual
Sugar production for marketing year 2014/15 (Oct/Sept) is forecast to be about 6.3 MMT-RV. Sugar production for MY 2013/14 was revised downward to 6.382 MMT-RV due to adverse weather, including heavy rains. The sugar export forecast for MY 2014/15 was revised downward to 1.7 MMT- RV. Exports for MY 2013/14 are still expected at 2.543 MMT-RV. The HFCS import forecast for MY 2014/15 is expected to be at 1.0 MMT dry basis similar to MY 2013/14, as sugar prices have continued to remain low. On August 26, 2014, the Department of Commerce announced its affirmative preliminary determination in the anti-dumping and countervailing duties (CVD) investigation of imports of sugar from Mexico.
