The economy establishes a maximum sugar export quota for the US Millennium Group

The Ministry of Economy (SE) issued a notification announcing the maximum quota for exports Sugar A America Sugar cycle from October 1, 2023 to September 30, 2024.

As published in Official Gazette of the Federation (DOF), The maximum export amount was 673 thousand 992,940 metric tonnes crude value (TMVC).

The company said sugar exports are subject to prior approval and an agreement was issued to establish a maximum quota for its exports. DOF On October 5, 2017, it was later modified in the December 27, 2020 and November 22, 2022 issues, where a maximum quota for exports was established. AmericaFormed from sugar Mexico Derived from sugarcane or beetroot.

The formula for determining the amount of total quota for each sugar cycle is calculated in July every year and makes normal adjustments in September, December and March as per the requirements of each sugar cycle. America of the month concerned with the adjustment, it will be notified Directorate General of Trade Facilitation and Foreign Trade and Directorate General of Light Industries of the Ministry of Economy, by notification published in the DOF.

Limit on export of sugar America This is because 2014 An agreement on grants and compensatory measures was signed between Mexico and its trading partner, their investigation was suspended to affect the export of certain products.

This agreement contemplates that It will be up to Mexico to control the amount of sugar exports to the US“All Mexican sugar exports need to be managed regardless of their destination and country of origin.

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