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Mexican ministry sets new sugar import quota of 150,000 metric tons, to include 15,000 tons for Nicaragua

Friday, October 21, 2011

Mexico, the world’s sixth-largest sugar producer, set an import quota for the sweetener of 150,000 metric tons because domestic production may not meet demand.

The quota will expire Jan. 31, 2012, the Economy Ministry said today in the federal gazette. It includes 15,000 tons from Nicaragua.

The Economy Ministry approved the extra quota for the start of the 2011-2012 crop season as record exports to the U.S. arranged the prior year threatened domestic inventories. The Mexican government had published another quota for 150,000 tons in July, and 93,200 tons had been imported so far.

Original source: Bloomberg