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| Title: | 2009 Outlook of the U.S. and World Sugar Markets, 2008-2018 |
| Authors: | Koo, Won W.
Taylor, Richard D. |
| Keywords: | sugar
production
exports
consumption
ending stocks |
| Issue Date: | 2009-07 |
| Series/Report no.: | Agribusiness & Applied Economics Report No.
646 |
| 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. |
| URI: | http://purl.umn.edu/55117 |
| Institution/Association: | North Dakota State University>Department of Agribusiness and Applied Economics>Agribusiness & Applied Economics Report |
| Total Pages: | 35 |
| Collections: | Agribusiness & Applied Economics Report
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Size | Format |
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| AAE646.pdf | | 111Kb | PDF | View/Open |
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