In the week of Jul. 10, reference pricing for estandar sugar in Mexico slid marginally lower—the first week-on-week drop since mid-February. Over that period, estandar and reference pricing rose by about 23 percent and 34 percent, respectively. 

Mexico sugar price

Source: SNIIM

From October through May, estimated domestic consumption is estimated down 12 percent at 3.31 MMT. IMMEX sales are estimated down 25 percent YOY. 

The full version of this commentary appeared on our IQ platform Jul. 18, 2023. Further information, statistics, and pricing for the sugar market are available to IQ subscribers. Learn more about becoming a subscriber. 

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