The Guatemalan consortium “Pantaleón” acquired the El Mante sugar mill on 10th June. The factory was previously managed by Azudomi and Servicios Corporativos Azúcar, belonging to Grupo Sáenz, according to local press reports.
Mexico’s government on 2nd May said the U.S. Commerce Department had published a notification of its intention to keep an agreement regulating Mexican sugar exports into the United States active for another five years, reported Reuters.
The United States will increase its sugar imports from Mexico to 1.65 million tonnes in the 2019-2020 cycle, according to the Secretary of Economy, Graciela Márquez at the Ministry of Economy.
The family-owned Sáenz Group has put up its three mills for sale for MXN7 billion (US$360 million), according to local press reports.
Mexico – 2018/19 sugar exports to rise as production increases and local demand drops [Full subscriber]
Mexico’s sugar exports are slated to jump over 30 percent in 2018-19 due to the combination of production surplus and reduction in domestic consumption due to health concerns, according to the US Department of Agriculture’s (USDA) latest attaché report.
Sucroliq has fully automated its liquid sugar plant Guanajuato in Irapuato, according to local press reports.
The Secretariat of Economy (SE) on August 15, 2018, announced in the Diario Oficial (Federal Register) a maximum sugar quota of 750,876.85 tonnes on a raw value basis for export to the United States during the 2018/19 sugar cycle.
Mexico – Competition regulator investigates antitrust activity in the sugar market [Full subscriber]
For the second time in its history, Mexico’s competition regulator the Federal Commission of Economic Competition (Cofece) is undertaking an investigation in into the possible commission of absolute monopoly practices in the production, distribution and marketing of sugar in the country. The first one took place less than five years ago, according to local press reports.
Cane harvesting in southern Mexico is supported by migrant workers from Guatemala, reports Chicago Tribune and EFE news agency.
If President Donald Trump withdraws from the North American Free Trade Agreement (NAFTA), the US tariff on sugar imports from Mexico would revert to the 15 cents per pound level in place before NAFTA went into effect, Jason Hafemeister, trade adviser to Agriculture Secretary Sonny Perdue, told the delegates at the International Sweetener Colloquium event in Florida on February 15.