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2000 Outlook Of The U.S. And World Sugar Markets

Author

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

Abstract

This report evaluates the U.S. and world sugar markets for 1999-2009 by 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 be strong for the next ten years after the current over supply is reduced. World demand for sugar is expected to grow faster than world supply, resulting in gradually increasing Caribbean sugar prices from 6.55 cents/lb in 1999 to 12.3 cents/lb in 2009. The U.S. wholesale price of sugar is projected to increase from 20.69 cents/lb in 2000 to 28.84 cents/lb in 2009 if the United States maintains its sugar programs. World trade volumes of sugar are expected to expand slightly.

Suggested Citation

  • Koo, Won W. & Taylor, Richard D., 2000. "2000 Outlook Of The U.S. And World Sugar Markets," Agricultural Economics Reports 23148, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaer:23148
    DOI: 10.22004/ag.econ.23148
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    Cited by:

    1. Demont, Matty & Tollens, Eric, 2001. "Welfare Effects Of Transgenic Sugarbeets In The European Union: A Theoretical Ex-Ante Framework," Working Papers 31852, Katholieke Universiteit Leuven, Centre for Agricultural and Food Economics.
    2. Demont, Matty & Tollens, Eric, 2001. "Ex-Ante Evaluation Of The Economic Impact Of Agricultural Biotechnology In The European Union: The Case Of Transgenic Sugarbeets," 2001 Annual meeting, August 5-8, Chicago, IL 20631, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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