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Mexico to offer sugar imports from Nicaragua

Friday, May 4, 2012

Mexico published in its official gazette a 250,000-tonne sugar import quota for 2012 after a severe drought damaged some crops.

Under a trade deal, 10 percent of the quota is assigned to Nicaragua and the rest will come from the international market.

The economy ministry said earlier in the year it was considering the quota, but industry sources said the entire amount may not need to be imported.

Source: Reuters