The North American Sugar Market: A Quick Update to Our Baseline Outlook

Report summary

Contrary to what is happening with US prices and with the rest of the world, Mexican prices struggle to gain momentum due to relatively ample supplies. Mexican consumption remains somewhat weak, and exports to the US look sluggish for the years to come. However, sugar consumption could regain some ground, as high-fructose corn syrup may lose some competitiveness in the demand for Mexican sweeteners as corn prices continue to move higher.