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A Trend Projection of High Fructose Corn Syrup Substitution for Sugar
Author(s) -
Carman Hoy F.
Publication year - 1982
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1240571
Subject(s) - high fructose corn syrup , sugar , per capita , corn syrup , fructose , economics , consumption (sociology) , agricultural economics , gross domestic product , production (economics) , food science , chemistry , microeconomics , economic growth , demography , population , social science , sociology
High fructose corn syrup is a comparatively low‐priced sugar substitute which is experiencing rapid demand growth. A simple logistical trend model suggests that both per capita and total U.S. sugar consumption will decrease for several years as high fructose corn syrup is adopted. The impact on domestic sugar producers under current policy is minimal with costs borne primarily by sugar‐exporting countries. Food manufacturers can reduce production costs, and some of this may be passed to consumers in lower product prices. Per capita consumer savings, however, will be small. The impact on corn prices also will be small.