Mexico: Mexico Announces Sugar Cane Reference Price
The National Committee for the Sustainable Development of Sugarcane (CONADESUCA) through the Secretariat Economy published in the Diario Oficial (Federal Register), the standard sugar reference price to determine the cane payment for MY 2016/17. This reference price is also the price that should be used to calculate final sugarcane payments for the MY 2015/16 crop. The reference price is $11,077.76 pesos per metric ton (MT) ($591.44 dollars/MT at $18.73 pesos per dollar exchange rate).