The U.S. Department of Agriculture has notified the Department of Commerce of an additional need for sugar in the U.S. market of 200,000 short tons raw value of refined sugar.
Consequently, Commerce has increased the quantity of Mexican refined sugar permitted to be exported by 200,000 STRV for the October 1, 2019 through September 30, 2020 period.
Earlier this fall, Commerce previously increased Mexico’s refined sugar export limit by 100,000 STRV, also at the request of USDA.
USDA says current market conditions point to a sugar shortage.
USDA will continue to monitor the market to assess whether supplies are adequate.
