USDA Sugar and Sweeteners Outlook – 14th February, 2024

In the February 2024 World Agricultural Supply and Demand Estimates (WASDE), the forecast for Mexico’s 2023/24 sugar production is reduced from last month by 141,000 metric tons (MT), actual weight, to 4.875 million MT. This is the lowest in more than a decade and the first time that production would fall below 5 million MT