Through Apr. 29, 2022/23, sugar production reached 4.86 MMT, down 11 percent from the five-year average and a four-year low. 

Cumulative low-pol output is down nearly 14 percent YOY. After the poor yields this season, a strong rebound is theoretically possible next season, but much of Mexico’s cane will be yet another year older, weighing on potential production. 

Under a recent agreement between major cane labor unions and IMSS, Mexico’s social security administration, cane industry laborers (including transport labor) and their families will be covered under the ELSSA (Entornos Laborales Seguros y Saludables) program. ELSSA’s goal is to improve worker health, safety, and welfare, in addition to productivity and quality. This program will cover cane industry practices in 257 counties over 15 states. 

The full version of this commentary appeared on our IQ platform May 8, 2023. Further information, statistics, and pricing for the sugar market are available to IQ subscribers. Learn more about becoming a subscriber.


Source: 123rf.com 
Posted by: Information Services
Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.