Economic & Financial Reporter

Nicaragua Will Export Zero Tariff Sugar To Mexico

Topics::

sugar, sugar price, Tariffs, Exports & imports, Nicaragua

Source: La Voz del Sandinismo
Monday, February 8, 2010

Mexico is experiencing a low sugar harvest, and will buy 25.000 tons from Nicaragua, tariff free.
Mexico consumes 5.26 million tons a year, but the forecast for 2009/10 stands at 4.97 million tons, reported the Mexican Economy Ministry.

Mexico has established an additional import quota, and "10 per cent of it must be bought from Nicaragua"

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