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 driving market chatter of a larger 2021/22 crop, somewhere near 6.1 or 6.2 MMT.
CNDSCA’s forecast production includes manufacturing of 3.70 MMT of estandar, 1.460 MMT of refined, 169,367 MT of white (blanco especial), and 776,690 MT of low-polarity sugar (below 99.2 percent).
The report also includes estimated start and end dates for the crush campaign. Of the 49 mills included, 27 expect to begin crush in November, another 21 in December, and just one in January. Most mills expect to end cane crush in April and May.