Mexico: Sugar Semi-annual
Mexican sugar production for marketing year 2017/18 is forecast to be at 6.4 million metric tons rawvalue (MMT-RV). Sugar production for MY 2016/17 was revised downward to 6.3 MMT-RV. The sugar export forecast for MY 2017/18 is expected at about 1.3 MMT-RV. Post total sugar export estimate for MY 2016/17 is 1.3 MMT-RV, where exports to the United States under the suspension agreements are expected at 1,137,140.0 MT-RV. The high fructose corn syrup (HFCS) import forecast for MY 2017/18 is expected to be similar to MY 2016/17 imports, or close to 1 MMT dry basis. The Sugar Agreement Amendment between the United States and Mexico was signed July 3, 2017.
