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2016 Outlook of the U.S. and World Sugar Markets, 2016-2025

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  • Taylor, Richard D.

Abstract

This report evaluates the U.S. and world sugar markets for 2015-2025 using the Global Sugar Policy Simulation Model. This analysis is based on assumptions that general economic conditions, agricultural policies, population growth, weather conditions, and technological changes remain at the long-run conditions. Both the U.S. and world sugar economies are predicted to remain constant over the next ten years. World sugar prices increased from 18.7 cents/lb in 2009 to 27.0 cents/lb in 2010 and 32.0 cents/lb in 2011 before falling to 18.0 cents/lb in 2013, 16.8 cents/lb in 2014, and 13.4 cent/lb in 2015. World sugar production declined 6.9% in 2015 while consumption increased by 4.2%. World sugar prices are expected to increase to 13.6 cents/lb by 2025. The U.S. wholesale price of sugar is projected to decrease from a 34.9 cents/lb in 2015 to near 33.9 cents/lb by 2025. It is projected that Mexican exports to the United States will decrease from 1.60 million metric tons in 2015 to 1.55 million metric tons in 2025. World trade volumes of sugar are expected to increase throughout the forecast period.

Suggested Citation

  • Taylor, Richard D., 2016. "2016 Outlook of the U.S. and World Sugar Markets, 2016-2025," Agribusiness & Applied Economics Report 242089, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaae:242089
    DOI: 10.22004/ag.econ.242089
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    References listed on IDEAS

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    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. Koo, Won W. & Taylor, Richard D. & Mattson, Jeremy W., 2003. "Impacts Of The U.S.-Central America Free Trade Agreement On The U.S. Sugar Industry," Special Reports 23069, North Dakota State University, Center for Agricultural Policy and Trade Studies.
    4. Benirschka, Martin & Koo, Won W. & Lou, Jianqiang, 1996. "World Sugar Policy Simulation Model: Description And Computer Program Documentation," Agricultural Economics Reports 23432, North Dakota State University, Department of Agribusiness and Applied Economics.
    5. 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.
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    Cited by:

    1. Machin, Einara Blanco & Pedroso, Daniel Travieso & Machín, Adrian Blanco & Acosta, Daviel Gómez & Silva dos Santos, Maria Isabel & Solferini de Carvalho, Felipe & Pérez, Néstor Proenza & Pascual, Rodr, 2021. "Biomass integrated gasification-gas turbine combined cycle (BIG/GTCC) implementation in the Brazilian sugarcane industry: Economic and environmental appraisal," Renewable Energy, Elsevier, vol. 172(C), pages 529-540.

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    Keywords

    Food Consumption/Nutrition/Food Safety; International Relations/Trade; Production Economics;
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