The wholesale price of sugar in Mexico fell by -18.76% YoY to 0.74 USD/KG in W3 November 2021. As the largest sugar exporting country, Mexico's sugar export value fell to 237.6M USD last year. This year, it is estimated that the drought will disrupt sugar production in Mexico which is likely to reduce exports. Declining domestic demand due to the low sugar campaign will also pull prices down.
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