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This is the first book to cover in a comprehensive way, the conduct and structure of the international sugar industry from cultivation right through to end use. The authors look in detail at the workings of the growing and production sector and the trends in world production, consumption and trading of sugar. Important sections consider the policies of the world's major sugar producers and the likely future developments of the trade in the light of the developments in Eastern Europe and China, and in the substitute sugar sweetener products. The book will be an invaluable reference source for sugar producers and traders and for all those involved in the financial, advisory and investment communities. Published in association with the International Sugar Organization

An analysis of contemporary sugar trade policy in Indonesia highlights problems in the institutional framework for trade policy making. The institutions through which sugar trade policy is formulated entrench the interests of rent-seeking bureaucrats, import licence holders and traders to the detriment of consumers and downstream producers of processed products. Moreover, the resulting trade policy regime has problematic effects on sugarcane farmers. The structure of regulatory intervention is due less to democratic pressures than to the inclusion of vested interests in the institutions that formulate policy. Further, the lack of effective mechanisms for inter-ministerial coordination and for resolving conflicting policy preferences among ministries hinders the development of coherent trade policy and obstructs reform efforts. An institutional framework that facilitates representation of all interests affected by sugar trade policies and public scrutiny of the effects of policy intervention is likely to deliver better outcomes for consumers and producers alike.

An analysis of contemporary sugar trade policy in Indonesia highlights problems in the institutional framework for trade policy making. The institutions through which sugar trade policy is formulated entrench the interests of rent-seeking bureaucrats, import licence holders and traders to the detriment of consumers and downstream producers of processed products. Moreover, the resulting trade policy regime has problematic effects on sugarcane farmers. The structure of regulatory intervention is due less to democratic pressures than to the inclusion of vested interests in the institutions that formulate policy. Further, the lack of effective mechanisms for inter-ministerial coordination and for resolving conflicting policy preferences among ministries hinders the development of coherent trade policy and obstructs reform efforts. An institutional framework that facilitates representation of all interests affected by sugar trade policies and public scrutiny of the effects of policy intervention is likely to deliver better outcomes for consumers and producers alike.

In the EU, the 2017/18 sugar marketing year (MY) was the first with no production quota and most of the price support gone. The Uruguay round restrictions on sugar exports were also not binding anymore, making the EU a net exporter. In MY2018/19 the EU turned back into a net importer as domestic sugar production fell. Developments on the demand side have been much less dramatic as global sugar consumption kept growing. These market and policy trends lead to relatively low international prices between 2018 and 2020 before trending upwards in 2021. These low prices were at least partially transmitted to European markets. In a net-export situation and without export restitutions, international export prices would be the anchor for intra-EU price formation. Under these circumstances, the still present interventionist side of the EU's sugar market policy could easily be viewed as irrelevant for price formation within the EU. However, in the more realistic scenario of the EU being a net-importer, price formation will continue to be strongly affected by the existing import restricting policies. There has been no change in the EU schedule of bound tariffs for sugar since the formation of the World Trade Organisation. Other external sugar market policies of the EU are unilateral market access to the common market (i.e., EPA, EBA), tariff rate quotas (e.g., the Balkan and CXL preferences) and preferences granted under bilateral agreements. This report assesses how effective the EU trade policies regarding sugar have been for EU sugar imports and sugar prices within the EU, followed by resulting policy recommendations. [.] ; A study commissioned and partially funded by CIUS - The Association of European Sugar Users (cius.org).

This paper reviews the major changes and trends in the raw and white sugar trade flows involving Latin American exporters and their partners. The paper assesses the recent absolute and relative growth in the volume of sugar exports from Brazil (the region's and the world's dominant exporter) and other major regional exporters such as Guatemala, Cuba, Colombia, Mexico and Argentina. Latin America has emerged as the world's largest net sugar exporting region. Significant volumes of raw sugar of Latin American origin are now used by a large number of new destination refineries which have been set up in the Middle East and Asia. Indeed, the share of Latin America in global raw sugar exports has increased from 62.8% on average between 2002 and 2004 to 67.3% on average between 2006 and 2008. This paper also evaluates the impact of preferential trade agreements, including the CAFTA and the EPA, for Central American and Caribbean sugar exporters, as well as the implications of NAFTA for Mexico's sugar. Finally, the paper discusses the potential gains and benefits that diversification into ethanol and cogeneration have provided to the major Latin American sugarcane industries.

This book surveys the role of Amsterdam's Sephardic merchants in the westward expansion of sugar production and trade in the seventeenth-century Atlantic. It offers an historical-geographic perspective, linking Amsterdam as an emerging staple market to a network of merchants of the "Portuguese Nation," conducting trade from the Iberian Peninsula and Brazil. Examining the "Myth of the Dutch," the "Sephardic Moment," and the impact of the British Navigation Acts, Yda Schreuder focuses attention on Barbados and Jamaica and demonstrates how Amsterdam remained Europe's primary sugar refining center through most of the seventeenth century and how Sephardic merchants played a significant role in sustaining the sugar trade.--

This book surveys the role of Amsterdam's Sephardic merchants in the westward expansion of sugar production and trade in the seventeenth-century Atlantic. It offers an historical-geographic perspective, linking Amsterdam as an emerging staple market to a network of merchants of the "Portuguese Nation," conducting trade from the Iberian Peninsula and Brazil. Examining the "Myth of the Dutch," the "Sephardic Moment," and the impact of the British Navigation Acts, Yda Schreuder focuses attention on Barbados and Jamaica and demonstrates how Amsterdam remained Europe's primary sugar refining center through most of the seventeenth century and how Sephardic merchants played a significant role in sustaining the sugar trade.