Mexico’s sugar production is forecast at 6.25 million metric tons raw value (MMT-RV) in marketing year 2023/24 (October-September), an increase of nearly 3 percent compared to MY 2022/23 based on lower fertilizer costs and a return to average weather conditions. Forecast sugar production for MY 2022/23 is 6.05 MMT-RV, lower than the previous year due to poor weather and high fertilizer costs.
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