American Sugar Cane League (ASCL) Manager Jim Simon said U.S. and Mexican government officials Monday initialed an accord to suspend the ongoing antidumping and countervailing duty investigations of sugar from Mexico.
Simon was optimistic about the settlement.
“I’m hopeful that a final agreement will be reached and the domestic sugar market is stabilized fairly,” Simon said. “The Louisiana industry has become very efficient through research and mechanization and settling the trade dispute will help keep the playing field level.”