Evaluation of sugar market in terms of price fluctuations and its global consequences

Document Type : Soortnote

Authors

1 Assistant Professor of Sugar Beet Seed Institute (SBSI) - Agricultural Research Education and Extension, Karaj,Iran

2 Assistant professor of Seed and Plant Improvement Institute- Agricultural Research, Education and Extension Organization (AREEO), Karaj, Iran.

Abstract

Recently, concerns over food and energy security, threats from global warming, and the challenges that the commodity market has faced since the new millennium have placed the agricultural market at the center of academia and policy. In this revived consciousness, sugar plays a special and essential role. The sugar market is far from the stable and conventional condition and brings more challenges and unrest alone. An unusual combination of free and protected markets, special trade agreements, and extremely volatile prices distinguishes this trade from other agricultural commodities. Historically, sugar has been one of the most volatile agricultural commodities and countering that volatility is a real challenge for market makers and policymakers. In addition, depending on domestic markets, sugar prices can vary from country to country. The purpose of this paper is to analyze the characteristics of the sugar market and the medium-term forecasts for global markets for the period 2019-28. The price, production, consumption, and commercial transactions of sugar beet, sugar cane, sugar, molasses, and high fructose corn syrup are discussed. Lastly, the risks and uncertainties affecting the global sugar markets over the next ten years are discussed.

Keywords

References

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Journal of Sugar Beet
Volume 37, Issue 1
November 2021
Pages 131-138

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