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US, Mexico reach sugar pact despite industry's resistance

The agreement in principle between Mr Ross (right) and Mexican Economy Minister Ildefonso Guajardo aims to resolve a long-standing trade dispute between the two countries.


MEXICO on Tuesday conceded to US demands for changes in the terms of Mexican access to the lucrative US sugar market, striking a deal with Washington that will likely lift prices of the sweetener to US food processors and consumers.

Sugar producers in the United States...