IDEAS home Printed from https://ideas.repec.org/p/ags/nddaae/55117.html
   My bibliography  Save this paper

2009 Outlook of the U.S. and World Sugar Markets, 2008-2018

Author

Listed:
  • Koo, Won W.
  • Taylor, Richard D.

Abstract

This report evaluates the U.S. and world sugar markets for 2008-2018 using the Global Sugar Policy Simulation Model. This analysis is based on assumptions about general economic conditions, agricultural policies, population growth, weather conditions, and technological changes. Both the U.S. and world sugar economies are predicted to remain stable over the next ten years in spite of the 2007-08 surge in world oil prices. That increase in price caused an increase in the conversion of sugar into ethanol in Brazil, while other exporting countries increased their production in response to those higher prices. Sugar prices returned to normal levels in 2008. World demand for sugar is expected to grow at a similar rate to world supply, resulting in Carribean sugar prices remaining near the 13.0 -14.0 cents/lb range throughout the forecast period. The U.S. wholesale price of sugar is projected to decrease slightly from 28.60 cents/lb in 2008 to 28.40 cents/lb in 2018, if Brazil continues to convert sugar into ethanol. It is projected that Mexico will be able to export 119 thousand metric tons of sugar to the United States by 2018. World trade volumes of sugar are expected to increase throughout the forecast period.

Suggested Citation

  • Koo, Won W. & Taylor, Richard D., 2009. "2009 Outlook of the U.S. and World Sugar Markets, 2008-2018," Agribusiness & Applied Economics Report 55117, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaae:55117
    DOI: 10.22004/ag.econ.55117
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/55117/files/AAE646.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.55117?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
    ---><---

    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:55117. 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.

    We have no bibliographic references for this item. You can help adding them by using 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.