ASA Economist Provides Analysis of Past Year for U.S. & World Markets - And What May Lie Ahead
Editor’s Note: Jack Roney is having fun these days. After two decades as a sugar industry economist, “I finally get to defend a price recovery,” he radiates. “This is the moment I’ve been waiting for in my career!”
The past year has been an exciting one in sugar markets, as world prices have risen to a three-decade high and U.S. sugar prices have also risen dramatically. What factors precipitated this price rise — and what is the prognosis for the remainder of the current marketing year and beyond?