date:Feb 26, 2014
imports (with freight costs adding only 2c to 4c a lb) from the world market, thus putting the United States into oversupply, Mr. Jenkins contended.
But much uncertainty about Mexican production and exports clouds the U.S. forecast. After record production in 2012-13, forecasts for Mexican sugar production are considerably lower for 2013-14 due to wet weather early in the harvest season, and some, including Mr. Jenkins, expect output to decline further from the latest forecasts of around 6.4 m