Mexico sugar reference prices have weakened further, enough to bring them down below the four-week average. After five weeks of lower prices for estandar, August pricing to date is down about 1.5 percent from the July average. Through July, CNDSCA estimates domestic sugar consumption [...]
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 [...]
In the first week of July, reference prices for sugar made further gains, continuing the rally of the previous four months. Estandar pricing is now up over 40 percent YOY, refined up over 50 percent. Price strength follows the general inflationary trend, further supported [...]
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 [...]
Through week seven of Mexico’s 2022/23 sugarcane campaign, sugar production was running behind last season and the five-year average. Crush to date is down 27 percent YOY. Early figures of sugar production, with just a handful of mills in operation, are not indicative of [...]
In the second week of August, reference pricing for domestic sugar is trending lower, with both estandar and refined down 0.4 percent from the previous week. Estandar pricing is down 1.3 percent from the four-week average, while refined is down just a tenth of [...]
Mill warehouses remain under the control of cane growers, though the CNC grower group maintains that this campaign, intended to preserve sugar pricing, did not hinder milling or processing at any facility. Given that cane pricing is calculated based on wholesale sugar pricing, growers [...]
Reference pricing for Mexican sugar was down a little over 1 percent for estandar (down 1.3 percent) and refined (down 1.1 percent) as of Dec. 14, as might be expected as more mills begin crush. With stocks tighter, refined pricing is naturally expected to [...]
