• American sugar production could reach record levels in 2020/21.
  • This means the Americas should have a better refined sugar supply, with the US recovering from last year’s frost-battered beet crop.
  • If this materialises, Mexico’s import quota could reduce, causing its smallest import flow to the USA since 2009/10.
  • This will mean both Central America and Mexico have more refined sugar to supply the world market with.
  • However, record sugar production was forecast for the US this time last year, so we’ll monitor any potential hazards closely.
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