Mexican Sugar Agreement: One Year Later

Sugaright wants to thank our customers, suppliers and employees for their perseverance and support through what has been a challenging first year, post the revised Mexican Sugar Suspension Agreement. Last year, as the ink was drying on the agreement, we predicted that 1) it would be a financial windfall to traditional refiners and beet growers, and 2) food processors and consumers would pay more for this basic commodity. Our predictions have proven to be 100% correct. Specifically, three primary rules changed the market: Raw sugar must arrive by bulk vessel; no longer by truck or rail The rule engineers the flow of raw sugar away from end-users and traditional melters as raw sugar that had b

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