Mexico raises sugar production estimates for 2012/13

Mexico raised its estimates for sugar production in the current cycle to what could be a new record of 6.68 million tons, due to increased plantings and better performance, a sectoral committee said in its latest forecast released Monday.

Previously, Mexico expected to produce 6.25 million tonnes in 2012/13, according to estimates by the National Committee for Sustainable Development of Sugarcane (Conadesuca), an official body that brings together owners of mills, cane growers and the government .

To reach the goal, the production would be higher than the record 5.8 million tons reached in the cycle 2004/05. “There was good weather, the harvest was at its optimum stage and much of the cane that we had was at that point,” said a spokesman of the organism.

The agency also raised its estimate for exports of the sweetener for this cycle to 1.74 million tonnes, against a previous estimate of 1.63 million tonnes.

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