Mexico sugar output down 8% YOY as of late February
Early 2023 estimates of Mexico’s sugar production leave much to be desired.
Even though harvest area is not up year on year, Mexico’s sugar production is still lagging last year’s pace and the multiyear average for this date. The real culprit behind the lag is the poor cane tonnage of just 67.3 MT per hectare.
Cumulative refined sugar production through the week of Feb. 25 is the lowest since 2020. Production of low-polarity sugar is down YOY but is still above levels in prior seasons.
Reference pricing was up at the start of this week for both estandar and refined.
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