July WASDE: Are the New Import Expectations Realistic?
- The July WASDE indicated that the US Department of Agriculture expects oversupply in the 2019/20 season.
- However, this forecast relies on 1.3m tonnes of sugar coming from Mexico and almost all tariff rate quotas (TRQs) being filled in 2019/20.
- If this projection holds true, Mexico’s access will reduce to 1m tonnes in 2020/21.
4 years ago
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