• We think Mexico will produce 6.1m tonnes of sugar this season, up 13% year-on-year.
  • Just last season, it suffered a prolonged period of drought, meaning it was only able to produce 5.3m tonnes of sugar.
  • However, it was graced with ideal weather conditions for cane development during the off-season just gone, which undid the damage caused by the 2019/20 drought.
  • With this, Mexico’s production should now rebound.
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Will Langston

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