Reuters writer Mica Rosenberg reported yesterday that, "Soaring consumption of high fructose corn syrup in Mexico, aided by high sugar prices and paltry local cane harvests, could accelerate next year and boost sugar exports to the United States.
"Mexican consumption of the corn-based sweetener, which is cheaper than sugar, nearly doubled from 653,000 tonnes in the 2008/09 cycle to 1.2 million tonnes this crop year.
"While that amounts to less than 20 percent of U.S. consumption of high-fructose corn syrup, known as HFCS, analysts see Mexican demand for corn syrup rising nearly 17 percent in 2010/11 to around 1.4 million tones."
The article added that, "A growing market for U.S. corn syrup in Mexico is welcome news for the U.S. HFCS industry, which is battling a perception among some American consumers that sugar is more healthy."
US Dumping Unwanted HFCS on Mexico
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By Keith Good, ed.
FarmPolicy.com, Aug 24, 2010
Straight to the Source
