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Potential Effects of Policy Reform on the European Community Sugar Market and World Sugar Prices

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  • Leuck, Dale
  • Neff, Steve

Abstract

The emergence of a single, fully competitive market in the European Community (EC) by the end of 1992 is a major goal of EC policy reform known as the EC- 1992 initiative. The philosophy underlying this initiative favors competitive markets for all goods, services, and assets. The production quotas that characterize the EC sugar program may be considered assets. Although no proposals have been made by the EC Commission to establish markets for these quotas, this possibility has been discussed by persons inside the EC sugar industry and by sugar market analysts. The potential effects that markets for sugar quotas might have on world prices are evaluated in comparison with eliminating the EC sugar program. Simulations suggest that quota markets within national borders would have reduced net EC sugar exports by 2.3 million metric tons and increased normal world sugar prices by 8 percent during 1982- 86. Intra—EC quota trading would have decreased net exports by 3.7 million metric tons and increased world prices by 13 percent. In contrast, elimination of the program would have increased world prices by 16 percent.

Suggested Citation

  • Leuck, Dale & Neff, Steve, 1991. "Potential Effects of Policy Reform on the European Community Sugar Market and World Sugar Prices," Staff Reports 278549, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278549
    DOI: 10.22004/ag.econ.278549
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    References listed on IDEAS

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    1. Roningen, Vernon O. & Dixit, Praveen M., 1989. "How Level is the Playing Field? An Economic Analysis of Agricultural Policy Reforms in Industrial Market Economies," Foreign Agricultural Economic Report (FAER) 147993, United States Department of Agriculture, Economic Research Service.
    2. Roningen, Vernon O. & Dixit, Praveen M., 1989. "Economic Implications Of Agricultural Policy Reforms In Industrial Market Economies," Staff Reports 278843, United States Department of Agriculture, Economic Research Service.
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    1. Patricia Combette & Éric Giraud-Héraud & Vincent Réquillart, 1997. "La politique sucrière européenne après les accords du Gatt," Économie et Prévision, Programme National Persée, vol. 127(1), pages 1-13.
    2. Kelch, David R., 1991. "EC 1992: Implications for World Food and Agricultural Trade," Staff Reports 278563, United States Department of Agriculture, Economic Research Service.
    3. Poonyth, Daneswar & Westhoff, Patrick & Womack, Abner & Adams, Gary, 2000. "Impacts of WTO restrictions on subsidized EU sugar exports," Agricultural Economics, Blackwell, vol. 22(3), pages 233-245, April.
    4. Demont, Matty & Tollens, Eric, 2002. "Impact Of Agricultural Biotechnology In The European Union'S Sugar Industry," Working Papers 31854, Katholieke Universiteit Leuven, Centre for Agricultural and Food Economics.
    5. 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.
    6. 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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