USDA reports cumulative imports, October through February, from Mexico at 198,283 MT raw (218,569 STRV). This is just 17 percent of the import forecast of 1.27 MMT for 2017/18. Arrivals to date are the lowest since 2013/14. Imports did accelerate in January as Mexico’s crush campaign began in earnest and should continue to strengthen, but February came in lower at just 53,000 MT raw. The figures will likely be revised higher, but at this point total imports are lagging last season’s pace.
Through Mar. 13, Mexican cane crush was down 0.5 percent from last season, though sugar output is up marginally thanks to a strong processing yield, up nearly two-tenths of a point.
Cumulative U.S. imports of Mexican sugar by marketing year
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