October 12, 2023

SUGAR: Mexico sugar supply for 2022/23 is increased by 31,402 metric tons (MT) to 6.474 million on increased imports. Sugar exports are reduced by 54,098 MT to 1.011 million. This reduction is based on a full-year accounting made by FAS of imports from Mexico. This final estimate becomes the USDA estimate of sugar exported from Mexico to the United States. Other exports not under license are estimated at 21,860 MT, an amount that has not changed for several months. Domestic deliveries are increased by 129,521 MT attributed mainly to a strong pace of deliveries for human consumption. Ending stocks are residually estimated at 835,501 MT, a reduction of 44,022 from last month.