Industry Analysis & Industry Trends
The US Sugarcane Harvesting industry has experienced spikes and drops in revenue over the five years to 2015. Global weather patterns are largely responsible for fluctuations in price and production, which directly influence revenue. Sugar prices skyrocketed during the 2010 growing season due to heavy rainfall that harmed crops in Brazil, the world's leading sugarcane producer. Consequently, the disruption in the global supply of sugar boosted demand for US downstream sugar products. The industry is headed for major challenges over the next five years. However, an opportunity lies in commercial ethanol production. Currently, bagasse, a by-product of sugarcane processing, is used to self-sustain sugar mills in the United States... purchase to read more
Industry Report - Industry Key Buyers Chapter
As an agricultural industry, Sugarcane Harvesting has a low level of ownership concentration. The large majority of farms are small, family-owned operations. However, vertical integration with sugar processors is an important and increasingly common feature in the sugar supply chain. Vertical integration ensures a constant supply of raw materials for sugar refineries and is easier to achieve in an industry with a high degree of geographical concentration.
This pattern has also been attributed to competition and cost pressures that are encouraging the industry to move toward large-scale production. This trend reflects the continuing consolidation occurring across the agricultural sector... purchase to read more