By Adriana Barrera

MEXICO CITY (Reuters) -Mexico on Tuesday implemented a new tariff for sugar imports due to falling international prices and a risk of oversupply in the domestic market, according to the country’s Official Gazette.

The new tariff of 156% per kg applies to all types of sugar, including beet sugar and syrups. Refined liquid sugar will be subject to a 210.44% tariff, according to a decree signed by President Claudia Sheinbaum and published in the Official Gazette on Monday night.

Until now, imported sugar faced tariffs of between $360 and $390 per ton.

Mexico is typically not a sugar importer, although in the last three sugar production cycles, foreign sugar purchases have risen significantly due to bad weather conditions that caused a drop in local production, along wit

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