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2026-07-15 20:20:11
[US Sugar Export Quota to Mexico Raised to 550,000 Tons, Remaining Quota Pending; Supply Uncertainty Remains Before Northern Hemisphere Crushing Season] ⑴ After reducing its current sugar export quota to a historic low of 180,000 tons, the US, through negotiations with the Mexican government and industry representatives, has raised the quota for the next cycle to 550,000 tons, with the possibility of further expansion to 1 million tons in the future remaining. ⑵ The former president of the Mexican National Sugar and Wine Industry Association stated that only about 550,000 tons of the 1 million-ton quota announced by the federal government have been confirmed so far, with the remaining quota planned to be announced in February next year, at which time the total will reach the million-ton level. ⑶ The source pointed out that the negotiations lasted for more than half a year, with Mexican federal officials playing a positive role in the consultations. They also emphasized the need to closely monitor changes in US sugar consumption, production, and imports from now until February next year, as the crushing season in neighboring countries begins in September. (4) The U.S. does not want sugar from other international markets to be transshipped into the U.S. via Mexico. Therefore, Mexico has raised sugar import tariffs in response. According to a July report, the U.S. expects Mexico to produce about 5.38 million tons of sugar and warned that U.S. imports will rise to more than 1 million tons. The pace of subsequent quota adjustments and the actual production situation will be key variables in the market.
