Mexico’s HFCS imports down as shutdown impact lingers

In early 2020, before the pandemic upended things, Mexico seemed to be on track to import usual volumes of high fructose corn syrup, at least of refined-sugar-substitute HFCS-55, used mainly in soft drinks. The U.S. had already abandoned earlier (circa 2012) hopes of robust [...]

CNDSCA forecasts Mexico crop up at 6.12 MMT

The first official crop forecast for Mexico’s 2021/22 crop shows production at 6.116 MMT, up from estimated 2020/21 production of 5.715 MMT (USDA). This 2021/22 forecast is also up from the recent USDA forecast of 5.940 MMT. Favorable weather conditions to date had been [...]

Forewarned is forearmed…with Halloween candy!

Pent-up Halloween spirit (and spirits?) may elevate candy purchasing this month to a record $3 billion, according to the National Retail Federation’s annual spending survey. The CDC is cool with trick-or-treating this year (with the caveat, of course, to respect local regulations), and 66 [...]

September FAO food price indexes up across the board

Led by cereals, vegetable oils, and dairy, all FAO food price subindexes were up in September. Though gains were modest, the aggregate Food Price Index (FPI) still rose over 1 percent from August. (All values are adjusted for inflation.) The FPI showed monthly gains [...]

Will Thailand’s sugar production recover?

Historically a major sugar supplier, Thailand saw its exports climb above 10 MMT in 2018 and 2019 thanks to back-to-back crops above 14 MMT. Drought lowered its 2019/20 crop to a ten-year low of under 8.3 MMT, however, halving its exports that season. With [...]

Sugar index leads gains in August rebound of Food Price Index

Adjusted for inflation, FAO’s Food Price Index (FPI) rebounded strongly in August after slight declines in June and July. These two down months, however, followed a full year of monthly gains. Source: FAO Among the subindexes, sugar saw the most significant gains in August. [...]

Mexico sugar still weakening in midcrop period

At the start of this week, pricing is flat from the previous week but down almost a point from the four-week average for both estandar and refined. In August, the Ministry of Economy announced that initial export quotas to the U.S. will total 657,153 [...]

Global dairy markets coming back to life for a fall rally?

With prices down some 15 percent in the second quarter and early in the third quarter, global appetite for dairy products looks to be heating up again. In Fonterra’s Sep. 7 Global Dairy Trade auction, pricing surged a whopping 4 percent, with all product [...]

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