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The Effects of Shifts in Supply on the World Sugar Market

Author

Listed:
  • Hammig, Michael D.
  • Conway, Roger
  • Shapouri, Hosein
  • Yanagida, John

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.

Suggested Citation

  • Hammig, Michael D. & Conway, Roger & Shapouri, Hosein & Yanagida, John, 1982. "The Effects of Shifts in Supply on the World Sugar Market," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 34(1), pages 1-7, January.
    • Handle: RePEc:ags:uersja:148813
    DOI: 10.22004/ag.econ.148813
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    Cited by:

    1. Epperson, J.E. & Lei, L.F., 1989. "A Regional Analysis of Vegetable Production with Changing Demand for Row Crops Using Quadratic Programming," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 21(1), pages 87-96, July.
    2. Neff, Steven A., 1989. "An Economic Analysis Of The Impact Of Removing U.S. Import Quotas On Sugar," 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana 270489, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Epperson, J. E. & Tyan, H. L. & Carley, D. H., 1982. "Effects of Removal of the Peanut Program on Georgia Production and Distribution of Selected Fresh Produce," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 14(1), pages 153-159, July.
    4. Haley, Stephen L., 1998. "Modeling The U.S. Sweetener Sector: An Application To The Analysis Of Policy Reform," Working Papers 14610, International Agricultural Trade Research Consortium.

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