• Mexico has exported 945k tonnes of sugar this season.
• This is more than in the last 5 years combined.
• A large majority of shipments have been to refiners accustomed to buying Brazilian VHP.

Mexican Exports Nearly Finished  

• To date, Mexico has exported 945k tonnes to the world market.

Mexico 2018/19 Cumulative Export Flow

• This is a record volume due to their high production (6.4m tonnes) and lower quota access to the USA.

Mexican World Market Exports

• A large majority of the sugar shipped has been bulk raw sugars to refiners.

Mexican World Market Sugar Exports by Quality

• We believe most world market exports are now finished for the 2018/19 season.  

Key Destinations    

• Morocco, Canada, and Uzbekistan have received 696k tonnes (73%) of the total Mexican world market exports.
• This has directly displaced Brazilian bulk VHP shipments to these origins.

Mexican World Market Shipments by Destination