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Mexico wants to raise exports

Mexican sugar mills aim to ramp up exports to the United States to stop a free fall in domestic prices caused by a supply surplus, local trade sources said. On Monday, Juan Cortina, president of the country’s sugar chamber announced that MEXICAN sugar production is seen rising by up to 9% during the 2012/13 season compared with the previous cycle.

Wholesale sugar prices in the country’s capital are currently 40% below year-ago levels.

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