Industry Analysis & Industry Trends
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 Locations Chapter
Sugarcane is a tropical grass native to Asia and is primarily grown in the tropics and subtropics. It requires a long, warm growing season with a high incidence of solar radiation and adequate rainfall, followed by a dry, sunny and cool season for ripening and harvesting. In the United States, sugarcane is grown commercially in Florida, Louisiana, Hawaii and Texas. Florida is the top producing state, expected to account for about 82.8% of US sugarcane harvested. Its production is largely concentrated around Lake Okeechobee, which provides fertile soil with adequate moisture and warmth.
Over the past five years, the Florida state government has increased its efforts to preserve the Everglades (one of the most popular regions within the state for sugarcane farming)... purchase to read more