Sugar in the Caribbean : Adjusting to Eroding Preferences
Sugar exporters of the Caribbean depend on preferential sales of sugar to the European Union and United States at prices that are two to three times the world market price. Without these preferences, sugar export revenues would decline significantly. These preferences are likely to erode in the next...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2006/01/6523008/sugar-caribbean-adjusting-eroding-preferences http://hdl.handle.net/10986/8826 |
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okr-10986-88262021-04-23T14:02:40Z Sugar in the Caribbean : Adjusting to Eroding Preferences Mitchell, Donald AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR AGRICULTURE BEET BEET SUGAR BIOMASS CANE SUGAR CARROTS CLIMATIC CONDITIONS COMMERCIAL USES COMMODITY COMPETITIVENESS CORN COST DIFFERENCES CROP CROP VARIETIES CROPLAND CROPS CUTTING ENVIRONMENTAL BENEFITS ETHANOL EXPORTS FARM FARMER FARMERS FERTILIZER FERTILIZERS FLOOR PRICE FOOD IMPORTS FRUITS IMPORTS INTERNATIONAL ASSISTANCE LABOR COSTS LABOR FORCE LETTUCE MOLASSES POULTRY PRODUCE PRODUCERS PRODUCTION ACTIVITIES PRODUCTION COSTS REPLANTING SUGAR SUGAR BEETS SUGAR CANE SUGAR FACTORIES SUGAR INDUSTRY SUGAR PRICES SUGAR REFINING SUGAR TRADE SWEETENERS SYRUP TAXATION TOMATOES TRINIDAD AND TOBAGO VEGETABLES YIELDS Sugar exporters of the Caribbean depend on preferential sales of sugar to the European Union and United States at prices that are two to three times the world market price. Without these preferences, sugar export revenues would decline significantly. These preferences are likely to erode in the next several years as the sugar programs of both the European Union and the United States are under pressure to reform as part of already agreed international commitments, internal pressures, and the ongoing Doha Round of multilateral trade negotiations. The European Commission has already proposed reforms that would reduce internal sugar prices by 39 percent, directly affecting Caribbean sugar exporters. This presents a serious challenge to the sugar producers of the Caribbean who are mostly high-cost producers who will find it difficult to compete in the world market. St. Kitts & Nevis have recently announced plans to close their sugar industry and Trinidad & Tobago began a major restructuring program in 2003. Other sugar producers of the Caribbean will need to become more competitive by reducing costs and adding value to their sugar industries through cogeneration of energy and other activities. Those that cannot reduce costs sufficiently will need to diversify into other crops, such as fruits, vegetables, and meats, for the growing local demand, the tourist industry, or export. International assistance will be important to help countries with these adjustments and the European Union has already proposed an adjustment program. 2012-06-22T19:16:43Z 2012-06-22T19:16:43Z 2006-01 http://documents.worldbank.org/curated/en/2006/01/6523008/sugar-caribbean-adjusting-eroding-preferences http://hdl.handle.net/10986/8826 English Policy Research Working Paper; No. 3802 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR AGRICULTURE BEET BEET SUGAR BIOMASS CANE SUGAR CARROTS CLIMATIC CONDITIONS COMMERCIAL USES COMMODITY COMPETITIVENESS CORN COST DIFFERENCES CROP CROP VARIETIES CROPLAND CROPS CUTTING ENVIRONMENTAL BENEFITS ETHANOL EXPORTS FARM FARMER FARMERS FERTILIZER FERTILIZERS FLOOR PRICE FOOD IMPORTS FRUITS IMPORTS INTERNATIONAL ASSISTANCE LABOR COSTS LABOR FORCE LETTUCE MOLASSES POULTRY PRODUCE PRODUCERS PRODUCTION ACTIVITIES PRODUCTION COSTS REPLANTING SUGAR SUGAR BEETS SUGAR CANE SUGAR FACTORIES SUGAR INDUSTRY SUGAR PRICES SUGAR REFINING SUGAR TRADE SWEETENERS SYRUP TAXATION TOMATOES TRINIDAD AND TOBAGO VEGETABLES YIELDS |
| spellingShingle |
AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR AGRICULTURE BEET BEET SUGAR BIOMASS CANE SUGAR CARROTS CLIMATIC CONDITIONS COMMERCIAL USES COMMODITY COMPETITIVENESS CORN COST DIFFERENCES CROP CROP VARIETIES CROPLAND CROPS CUTTING ENVIRONMENTAL BENEFITS ETHANOL EXPORTS FARM FARMER FARMERS FERTILIZER FERTILIZERS FLOOR PRICE FOOD IMPORTS FRUITS IMPORTS INTERNATIONAL ASSISTANCE LABOR COSTS LABOR FORCE LETTUCE MOLASSES POULTRY PRODUCE PRODUCERS PRODUCTION ACTIVITIES PRODUCTION COSTS REPLANTING SUGAR SUGAR BEETS SUGAR CANE SUGAR FACTORIES SUGAR INDUSTRY SUGAR PRICES SUGAR REFINING SUGAR TRADE SWEETENERS SYRUP TAXATION TOMATOES TRINIDAD AND TOBAGO VEGETABLES YIELDS Mitchell, Donald Sugar in the Caribbean : Adjusting to Eroding Preferences |
| geographic_facet |
Latin America & Caribbean |
| relation |
Policy Research Working Paper; No. 3802 |
| description |
Sugar exporters of the Caribbean depend on preferential sales of sugar to the European Union and United States at prices that are two to three times the world market price. Without these preferences, sugar export revenues would decline significantly. These preferences are likely to erode in the next several years as the sugar programs of both the European Union and the United States are under pressure to reform as part of already agreed international commitments, internal pressures, and the ongoing Doha Round of multilateral trade negotiations. The European Commission has already proposed reforms that would reduce internal sugar prices by 39 percent, directly affecting Caribbean sugar exporters. This presents a serious challenge to the sugar producers of the Caribbean who are mostly high-cost producers who will find it difficult to compete in the world market. St. Kitts & Nevis have recently announced plans to close their sugar industry and Trinidad & Tobago began a major restructuring program in 2003. Other sugar producers of the Caribbean will need to become more competitive by reducing costs and adding value to their sugar industries through cogeneration of energy and other activities. Those that cannot reduce costs sufficiently will need to diversify into other crops, such as fruits, vegetables, and meats, for the growing local demand, the tourist industry, or export. International assistance will be important to help countries with these adjustments and the European Union has already proposed an adjustment program. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Mitchell, Donald |
| author_facet |
Mitchell, Donald |
| author_sort |
Mitchell, Donald |
| title |
Sugar in the Caribbean : Adjusting to Eroding Preferences |
| title_short |
Sugar in the Caribbean : Adjusting to Eroding Preferences |
| title_full |
Sugar in the Caribbean : Adjusting to Eroding Preferences |
| title_fullStr |
Sugar in the Caribbean : Adjusting to Eroding Preferences |
| title_full_unstemmed |
Sugar in the Caribbean : Adjusting to Eroding Preferences |
| title_sort |
sugar in the caribbean : adjusting to eroding preferences |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2006/01/6523008/sugar-caribbean-adjusting-eroding-preferences http://hdl.handle.net/10986/8826 |
| _version_ |
1764405724538994688 |