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2011 Outlook of the U.S. and World Sugar Markets, 2010-2020

Author

Listed:
  • Koo, Won W.
  • Taylor, Richard D.

Abstract

This report evaluates the U.S. and world sugar markets for 2010-2020 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. Sugar prices were increased from 18.7 cents/ lb in 2009 to 27 cents/lb in 2010. World sugar production increased in 2010 along with consumption. Ending stocks did tighten in 2010. Ending stock projections by various organizations for 2011 were lower than previously estimated. World demand for sugar is expected to grow at a similar rate to world supply, resulting in Caribbean sugar prices remaining near the 16.0 -19.0 cents/lb range throughout the forecast period. The U.S. wholesale price of sugar is projected to remain in the 32 to 34 cents/lb range throughout the forecast period. It is projected that Mexico will be able to export 586 thousand metric tons of sugar to the United States by 2020. World trade volumes of sugar are expected to increase throughout the forecast period.

Suggested Citation

  • Koo, Won W. & Taylor, Richard D., 2011. "2011 Outlook of the U.S. and World Sugar Markets, 2010-2020," Agribusiness & Applied Economics Report 115555, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaae:115555
    DOI: 10.22004/ag.econ.115555
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    References listed on IDEAS

    as
    1. Elbehri, Aziz & Umstaetter, Johannes & Kelch, David R., 2008. "The EU Sugar Policy Regime and Implications of Reform," Economic Research Report 56457, United States Department of Agriculture, Economic Research Service.
    2. Andino, Jose & Taylor, Richard D. & Koo, Won W., 2006. "The Mexican Sweeteners Market and Sugar Exports to the United States," 2006 Annual meeting, July 23-26, Long Beach, CA 21213, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Andino, Jose & Taylor, Richard D. & Koo, Won W., 2006. "The Mexican Sweeteners Market And Sugar Exports To The United States," Agribusiness & Applied Economics Report 23490, North Dakota State University, Department of Agribusiness and Applied Economics.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Agricultural and Food Policy; Marketing;

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