Mexico: Mexico Announces Sugar Cane Reference Price
The National Committee for the Sustainable Development of Sugarcane (CONADESUCA), through the Secretariat of Economy (SE), published in the Diario Oficial (Federal Register) the standard sugar reference price to determine the cane payment for MY 2015/16. This reference price is also the price that should be used to calculate final sugarcane payments for the MY 2014/15 crop. The reference price is $8,130.65 pesos per metric ton (MT), or $486.86 dollars per MT at the current $16.70 pesos per dollar exchange rate.