IDEAS home Printed from https://ideas.repec.org/p/ags/nddaae/242089.html
   My bibliography  Save this paper

2016 Outlook of the U.S. and World Sugar Markets, 2016-2025

Author

Listed:
  • Taylor, Richard D.

Abstract

This report evaluates the U.S. and world sugar markets for 2015-2025 using the Global Sugar Policy Simulation Model. This analysis is based on assumptions that general economic conditions, agricultural policies, population growth, weather conditions, and technological changes remain at the long-run conditions. Both the U.S. and world sugar economies are predicted to remain constant over the next ten years. World sugar prices increased from 18.7 cents/lb in 2009 to 27.0 cents/lb in 2010 and 32.0 cents/lb in 2011 before falling to 18.0 cents/lb in 2013, 16.8 cents/lb in 2014, and 13.4 cent/lb in 2015. World sugar production declined 6.9% in 2015 while consumption increased by 4.2%. World sugar prices are expected to increase to 13.6 cents/lb by 2025. The U.S. wholesale price of sugar is projected to decrease from a 34.9 cents/lb in 2015 to near 33.9 cents/lb by 2025. It is projected that Mexican exports to the United States will decrease from 1.60 million metric tons in 2015 to 1.55 million metric tons in 2025. World trade volumes of sugar are expected to increase throughout the forecast period.

Suggested Citation

  • Taylor, Richard D., 2016. "2016 Outlook of the U.S. and World Sugar Markets, 2016-2025," Agribusiness & Applied Economics Report 242089, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaae:242089
    DOI: 10.22004/ag.econ.242089
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/242089/files/sugar%202016R.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.242089?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Elbehri, Aziz & Umstaetter, Johannes & Kelch, David R., 2008. "The EU Sugar Policy Regime and Implications of Reform," Economic Research Report 56457, United States Department of Agriculture, Economic Research Service.
    2. Andino, Jose & Taylor, Richard D. & Koo, Won W., 2006. "The Mexican Sweeteners Market and Sugar Exports to the United States," 2006 Annual meeting, July 23-26, Long Beach, CA 21213, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Koo, Won W. & Taylor, Richard D. & Mattson, Jeremy W., 2003. "Impacts Of The U.S.-Central America Free Trade Agreement On The U.S. Sugar Industry," Special Reports 23069, North Dakota State University, Center for Agricultural Policy and Trade Studies.
    4. Benirschka, Martin & Koo, Won W. & Lou, Jianqiang, 1996. "World Sugar Policy Simulation Model: Description And Computer Program Documentation," Agricultural Economics Reports 23432, North Dakota State University, Department of Agribusiness and Applied Economics.
    5. Andino, Jose & Taylor, Richard D. & Koo, Won W., 2006. "The Mexican Sweeteners Market And Sugar Exports To The United States," Agribusiness & Applied Economics Report 23490, North Dakota State University, Department of Agribusiness and Applied Economics.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Machin, Einara Blanco & Pedroso, Daniel Travieso & Machín, Adrian Blanco & Acosta, Daviel Gómez & Silva dos Santos, Maria Isabel & Solferini de Carvalho, Felipe & Pérez, Néstor Proenza & Pascual, Rodr, 2021. "Biomass integrated gasification-gas turbine combined cycle (BIG/GTCC) implementation in the Brazilian sugarcane industry: Economic and environmental appraisal," Renewable Energy, Elsevier, vol. 172(C), pages 529-540.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Koo, Won W. & Taylor, Richard D., 2013. "013 Outlook of the U.S. and World Sugar Markets, 2012-202," Agribusiness & Applied Economics Report 157708, North Dakota State University, Department of Agribusiness and Applied Economics.
    2. Koo, Won W. & Taylor, Richard D., 2012. "2012 Outlook of the U.S. and World Sugar Markets, 2011-2021," Agribusiness & Applied Economics Report 128037, North Dakota State University, Department of Agribusiness and Applied Economics.
    3. Koo, Won W. & Taylor, Richard D., 2014. "2014 Outlook of the U.S. and World Sugar Markets, 2013-2023," Agribusiness & Applied Economics Report 187188, North Dakota State University, Department of Agribusiness and Applied Economics.
    4. Taylor, Richard D., 2017. "2017 Outlook of the U.S. and World Sugar Markets, 2016-2026," Agribusiness & Applied Economics Report 256036, North Dakota State University, Department of Agribusiness and Applied Economics.
    5. Koo, Won W. & Taylor, Richard D., 2011. "2011 Outlook of the U.S. and World Sugar Markets, 2010-2020," Agribusiness & Applied Economics Report 115555, North Dakota State University, Department of Agribusiness and Applied Economics.
    6. Taylor, Richard D. & Koo, Won W., 2015. "2015 Outlook of the U.S. and World Sugar Markets, 2015-2024," Agribusiness & Applied Economics Report 201311, North Dakota State University, Department of Agribusiness and Applied Economics.
    7. Koo, Won W. & Taylor, Richard D., 2008. "2008 Outlook of the U.S. and World Sugar Markets, 2007-2017," Agribusiness & Applied Economics Report 37276, North Dakota State University, Department of Agribusiness and Applied Economics.
    8. Taylor, Richard D. & Koo, Won W., 2010. "2010 Outlook of the U.S. and World Sugar Markets, 2009-2019," Agribusiness & Applied Economics Report 91842, North Dakota State University, Department of Agribusiness and Applied Economics.
    9. Zhuang, Renan & Koo, Won W., 2006. "Impacts of Sugar Free Trade Agreements on the U.S. Sugar Industry," 2006 Annual meeting, July 23-26, Long Beach, CA 21486, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Koo, Won W. & Taylor, Richard D. & Swenson, Andrew L. & Duncan, Marvin R., 1999. "1999 North Dakota Agricultural Outlook: Representative Farms 1999-2008," Agricultural Economics Reports 23334, North Dakota State University, Department of Agribusiness and Applied Economics.
    11. Taylor, Richard D. & Koo, Won W. & Swenson, Andrew L., 2012. "2012 North Dakota Agricultural Outlook: Representative Farms, 2012-2021," Agribusiness & Applied Economics Report 133395, North Dakota State University, Department of Agribusiness and Applied Economics.
    12. Renwick, Alan W. & Revoredo-Giha, Cesar & Philippidis, George & Bourne, Michael & Reader, Mark A. & Lang, Ben, 2012. "Sugar and Spice and all things nice? Assessing the Impact of the 2006 EU sugar regime reforms," 86th Annual Conference, April 16-18, 2012, Warwick University, Coventry, UK 134706, Agricultural Economics Society.
    13. Won W. Koo, 2002. "Alternative U.S. and EU Sugar Trade Liberalization Policies and their Implications," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 24(2), pages 336-352.
    14. Mykel R. Taylor & Gary W. Brester, 2005. "Noncash Income Transfers and Agricultural Land Values," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 27(4), pages 526-541.
    15. Taylor, Richard D. & Koo, Won W. & Swenson, Andrew L., 2010. "2010 North Dakota Agricultural Outlook: Representative Farms, 2010-2019," Agribusiness & Applied Economics Report 92979, North Dakota State University, Department of Agribusiness and Applied Economics.
    16. Nolte, Stephan & Grethe, Harald, 2012. "Der Markt für Zucker," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 61(Supplemen), pages 1-14, February.
    17. Quagrainie, Kwamena K. & Unterschultz, James R. & Jeffrey, Scott R., 2000. "The Impact Of Post-Farmgate Value-Adding On Western Canadian Agriculture," 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia 36379, Western Agricultural Economics Association.
    18. Koo, Won W. & Taylor, Richard D., 1999. "Outlook Of The World Rice Industry Under Alternative Trade Liberalization Policies In Japan And Korea," Agricultural Economics Reports 23402, North Dakota State University, Department of Agribusiness and Applied Economics.
    19. Taylor, Richard D., 2016. "2016 North Dakota Agricultural Outlook: Representative Farms, 2016-2025," Agribusiness & Applied Economics Report 245859, North Dakota State University, Department of Agribusiness and Applied Economics.
    20. Taylor, Richard D. & Koo, Won W., 2015. "2015 North Dakota Agricultural Outlook: Representative Farms, 2015-2024," Agribusiness & Applied Economics Report 208854, North Dakota State University, Department of Agribusiness and Applied Economics.

    More about this item

    Keywords

    Food Consumption/Nutrition/Food Safety; International Relations/Trade; Production Economics;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:nddaae:242089. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/dandsus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.