USDA Sugar and Sweeteners Outlook – 19th January, 2024

Mexico Production Reduced; Record-high Forecast for U.S. Production In the January 2024 World Agricultural Supply and Demand Estimates (WASDE), the forecast for Mexico’s 2023/24 sugar production, which is off to a slower-than-normal start, is reduced from last month by 267,000 metric tons (MT), actual weight, to 5.016 million MT, the lowest in a decade. Consequently,