The Effects of Shifts in Supply on the World Sugar Market

Michael D. Hammig, Roger Conway, Hosein Shapouri and John Yanagida

Journal of Agricultural Economics Research, 1982, vol. 34, issue 01, 7

Abstract: World production shortfalls and increased speculative activity have been suggested as major causes of recent, dramatic price increases for sugar. A two-region spatial equilibrium model analyzes the U.S. and the rest-of-the-world sugar markets. By systematically shifting the rest-of-the-world supply curve, the model examines the direct effects of supply shifts on the market equilibrium. High sugar price levels can be explained largely by reduced supplies on the world market.

Keywords: Crop Production/Industries; Production Economics (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:148813

DOI: 10.22004/ag.econ.148813

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