Industry Analysis & Industry Trends
No sweet tooth
After a global sugar shortage caused sugarcane demand to jump, the industry faces more tepid conditions in the coming years. Consumers' growing health-consciousness will cause them to curtail their sugar consumption. Furthermore, the US government is easing its level of protection for sugar processors, who previously enjoyed inflated domestic sugar prices and a low level of import penetration. The scaled-back federal support for the downstream sugar processing industry will in turn hurt sugarcane farmers... purchase to read more
Industry Report - Industry Analysis Chapter
US Sugarcane Harvesting has transitioned from cultivating one of the first "cash crops" of early colonial America to an industry in decline, despite average annual revenue growth rate of 4.0% over the five years to 2012. Unpredictable weather patterns have caused erratic spikes and drops in the industry's financial performance. For instance, extensive drought in Texas - the third-largest sugarcane harvesting state in the United States - significantly reduced the year's sugarcane yield, cutting industry revenue by 9.6% in 2008. On the other hand, favorable climatic conditions in 2009 and 2010 allowed revenue to jump 28.4% and 6.7%, respectively, surpassing the $1.0 billion mark... purchase to read more