Whilst the world sugar economy is very depressed because for five years now
production has exceeded demand, it is also in the midst of another bout of
substantial and far-reaching structural change on the supply Side. The cha
nges taking place will set the parameters for the first Fears of the new mi
llennium, But the current round of structural change is in its early stages
, and it is very difficult to predict at this time how far it will go.