MEXICO CITY, Sept 28 (Reuters) - Sugar consumption among
Mexicans continues to rise despite higher prices, a report
showed on Wednesday, as Latin America's second-largest economy
struggles against inflation at a near 22-year high.
The report by supply chain services provider Czarnikow
showed that sugar consumption in Mexico is on the rise and
expected to reach 4.5 million tonnes in 2022/23, the highest
This increase comes even as consumers switch to generic
goods or stop buying some products altogether to save money, the
Mexican consumer prices rose 0.41% in early September, more
than expected, official data showed. Annual inflation in Mexico
President Andres Manuel Lopez Obrador last week said he had
reached an agreement with companies to maintain prices of basic
The report found that many consumers are continuing to
purchase the same quantities of basic goods, including sugar,
but looking towards generic brands to save money.
Sugar demand among industrial consumers was also strong,
despite consumers cutting back on brand name products.
(Reporting by Cassandra Garrison
Editing by Marguerita Choy)