Mexico: Sugar Semi-annual
Mexican sugar production for marketing year 2016/17 is forecast at 6.6 million metric tons raw-value (MMT-RV). Sugar production for MY 2015/16 is revised downward to 6.4 MMT-RV. The sugar export forecast for MY 2016/17 is 1.2 MMT-RV. Total sugar export estimate for MY 2015/16 is 1.3 MMT-RV, where exports to the United States under the suspension agreements are expected at 1,178,116 MT-RV. The high fructose corn syrup (HFCS) import forecast for MY 2016/17 is expected to be similar to MY 2015/16 imports, or close to 1.0 MMT dry basis.