Mexico Introduces New Sugar Tariffs

Mexico introduces new sugar tariffs, aiming to bolster domestic consumption and protect local producers. The new structure imposes a 156% tax per kilogram on all sugar types and 210.44% on refined liquid sugar. Previously, tariffs ranged from $360 to $390 per ton. The move comes as Mexicos sugar imports surged due to unfavorable weather and reduced exports to the US. Carlos Blackaller, head of Mexicos main sugarcane producers organization, welcomes the change, expecting it to boost local prices and curb imports.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.