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Supply & Demand Analysis
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Check My Assignment!Question 1: Conduct a supply and demand analysis for sugar.
- Draw a supply and demand graph which adequately represents what is happening to the world (global) sugar price. There is enough information in the article for you to know the previous sugar price and the new sugar price. Be sure those prices are correctly shown on the graph. The article does not tell you the quantity traded, but you can still title your X axis correctly.
- Briefly explain any shifts in supply and/or demand which caused the sugar price to change.
- Use the following article. Do not use any other information in your analysis.
Question 2: Conduct a supply and demand analysis for corn.
- The current corn price is $3.50 per bushel.
- Draw a supply and demand graph which adequately represents what is happening to the world (global) corn price. You should be able to figure the current corn price per bushel and the previous corn price per bushel. Be sure those prices are correctly shown on the graph. The article does not tell you the quantity traded, but you can still title your X axis correctly.
- Briefly explain any shifts in supply and/or demand which caused the corn price to change.
- Use the following article. Do not use any other information in your analysis.
Question 2: Conduct a supply and demand analysis for wheat.
- The current wheat price is $4.97 per bushel.
- Draw a supply and demand graph which adequately represents what is happening to the world (global) wheat price. You should be able to figure the current wheat price per bushel and the previous wheat price per bushel. Be sure those prices are correctly shown on the graph. The article does not tell you the quantity traded, but you can still title your X axis correctly.
- Briefly explain any shifts in supply and/or demand which caused the wheat price to change.
- Use the following article. Do not use any other information in your analysis.
The War on Sugar’s Biggest Casualty: Global Prices
A truck loaded with sugar bags at a mill in Uttar Pradesh, India. Sugarcane farmers in India are expanding their acreage following a raft of measures to boost sugar exports. PHOTO: ELENA DEL ESTAL FOR THE WALL STREET JOURNAL
By Julie Wernau
Aug. 12, 2018 11:00 a.m. ET
Sugar prices are hovering near a three-year low as food companies around the world reduce the commodity in their products and move toward alternative sweeteners amid health concerns including diabetes, obesity and heart disease.
The world’s largest producers of sugar are notching record production. Sugar’s downward lurch bucks the trend of other agricultural commodities, such as corn and wheat, as heat waves sweeping Europe and Asia slash forecasts for this year’s harvest.
While prices have risen 2% for corn and 28% for wheat, raw sugar has fallen 30.5% so far this year to 10.54 cents a pound. Sugar is now the worst performing commodity this year and speculators are betting by nearly 2 to 1 that prices will continue to fall.
The marked decline in sugar prices is playing out in varying ways around the world. Consumers stand to gain in Europe, where sugar prices tend to track world-market prices, and in parts of the Middle East and Canada, where sugar is imported at world prices.
Consumers in places like the U.S., Japan and China won’t, though. In those countries, the world sugar price wouldn’t flow through to consumers of sugar support programs that increase the prices consumers pay for sugar.
The losers are large producing countries like Brazil. Producers there are selling sugar at prices that are now below the cost of production, according to analysts.
The downbeat price outlook for sugar is especially striking given that other commodities are doing so much better.
The problem with demand is down to shifting consumer tastes. Consumers are leaving sugary beverages behind in favor of unsweetened iced teas and flavored seltzer waters. That has major beverage companies shifting priorities.
And producers aren’t cutting back. Sugarcane farmers in India are expanding their acreage following a raft of measures to boost sugar exports that are encouraging production. That is despite the fact that the country, the world’s second-largest producer behind Brazil, has produced 6.5 million tons more sugar than it uses over the year that ends Sept. 30.
