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The International Sugar Trade |
| A. C. Hannah; Donald Spence |
| Once considered a rare and exotic sweetener, sugar was not always as widely available or important as it is today. As part of the human diet for nearly all of recorded history, sugar has evolved over time, becoming quite a common commodity. Yet the very simplicity of this common sweetener masks the highly complex and elaborate global trade that has developed around it. Now, The International Sugar Trade offers the only comprehensive reference guide to the worldwide market. A sweeping analysis of the entire sugar industry, it covers everything from the product's historical beginnings to the complex geopolitical and financial forces that have dominated the worldwide sugar trade during recent decades. Over the past fifty years, especially, the international trade in sugar has changed dramatically. Since it is either imported or exported by every country on earth, sugar has become an integral component of the economic relationships among nations. Because of that unique position, the trade in sugar has both reflected—and been affected by—a wide range of divergent forces, including global politics, health consciousness, the emergence of developing nations as suppliers and consumers, and many others.
Perhaps the greatest change in the international sugar trade has been the trend toward price stabilization. Historically at the mercy of everything from war to weather, the price of sugar has always been extremely volatile. But, following such trends as the development of sugar substitutes, an overall decline in per capita consumption, and an increase in the overall amount of sugar on the open market, the price of sugar has leveled off considerably. This comparatively recent stability has profoundly altered the manner in which sugar is traded on the world market, and while this has created new opportunities to profit in sugar, it has also made trading in sugar commodities more complex than ever before. | | |
