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Sugar: Outlook to 2006-07

Citation

Knopke, P and Nelson, R, Sugar: Outlook to 2006-07, Australian Commodities, 9, (1) pp. 70-77. ISSN 1321-7844 (2002) [Refereed Article]

Abstract

World sugar prices are forecast to average significantly lower in 2002-03, reflecting current high levels of stocks and expectations of a record sugar crop in Brazil. Australian sugar production is forecast to rise by 15 per cent to 5.3 million tonnes in 2002-03, but then to increase by only a further 8 percent to 5.7 million tonnes in 2006-07. Grower earnings are forecast to be lower in 2002-03, with a forecast fall in Australian unit export returns more than cancelling out the effects of higher yields and a bigger sugar cane crop. Achieving further cost efficiencies and productivity gains will be a high priority for growers over the next five years, with the Australian sugar industry facing increasing competition in traditional markets from an expected rise in low cost exports from Brazil.

Item Details

Item Type:Refereed Article
Keywords:commodity market; commodity price; international trade; sugar
Research Division:Agricultural and Veterinary Sciences
Research Group:Agriculture, Land and Farm Management
Research Field:Agriculture, Land and Farm Management not elsewhere classified
Objective Division:Plant Production and Plant Primary Products
Objective Group:Industrial Crops
Objective Field:Sugar
Author:Nelson, R (Associate Professor Rohan Nelson)
ID Code:84740
Year Published:2002
Deposited By:Tasmanian Institute of Agriculture
Deposited On:2013-05-29
Last Modified:2013-05-30
Downloads:0

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