Further weakness for Mexico sugar reference prices

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 [...]

Mexico sugar market updates, cane grower blockades, & the peso

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 [...]

Mexico sugar prices weaker as cane campaign speeds up

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 [...]

Mexico domestic sugar reference pricing continues to strengthen

For the week ending Sep. 18, the average reference price for Mexico estandar sugar rose 1.4 percent from a month prior and averaged up 28 percent YOY. Refined price was up almost 1 percent for the week and up 25 percent YOY. For Sep. [...]

Mexico sugar crop lags last season, domestic pricing up YOY

Reference pricing for sugar was largely flat last week. Estandar was down marginally from the four-week average, while refined was up just half a percent. The estandar reference price is up about 10 percent YOY, while refined is up nearly 11 percent YOY. Through [...]

Mexican cane campaign pace picks up slightly

Estandard pricing is flat week on week, while refined appreciated 1.2 percent from the previous week, unsurprising given that refined stocks are seen as tighter this season. Through the 14th week of the crush campaign, harvest area picked up slightly and is now 27 [...]

Mexico sugar output still behind at end of 2019

Through Dec. 28, harvested area for the 2019/20 Mexican sugarcane campaign was down 30 percent YOY. Cane crush was down 29 percent YOY, an improvement from being down 38 percent YOY two weeks prior. Similarly, sugar production has made up some ground, from down [...]