Developments in the EU and world sugar markets in 2009

In: Sugar industry, S. 29-36

Abstract

The article reviews the developments on the sugar market in 2009. After the introduction, it starts with an overview of production and consumption in all world regions. Production shortfalls in major producing countries led to an increase of the world market price to a 28 year high. For the current season, a further deficit is expected. The next chapter informs about developments on the EU market, where the implementation phase of the 2006 reform ended and a new regulation for sugar imports from ACP countries entered into force. The last chapter discusses model based forecasts of the world sugar market over the coming decade and determining factors of the medium term development of production and consumption of sugar.