2003 OUTLOOK OF THE U.S. AND WORLD SUGAR MARKETS, 2002-2012

Won W. Koo and Richard D. Taylor

No 23600, Agribusiness & Applied Economics Report from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: This report evaluates the U.S. and world sugar markets for 2002-2012 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 improve over the next 10 years after the current over-supply is reduced. World demand for sugar is expected to grow faster than world supply, resulting in Caribbean sugar prices gradually increasing from 7.88 cents/lb in 2002 to 12.15 cents/lb in 2012. The U.S. wholesale price of sugar is projected to increase from 21.76 cents/lb in 2002 to 25.28 cents/lb in 2012, if the United States maintains its sugar programs. World trade volumes of sugar are expected to expand slightly.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Pages: 36
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nddaae:23600

DOI: 10.22004/ag.econ.23600

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