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Title: Alternative Sweeteners

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410 Buck<br />

1986. This evaluation concluded that, ‘‘Other than the contribution to dental caries,<br />

there is no conclusive evidence that demonstrates a hazard to the general<br />

public when sugars are consumed at the levels that are now current and in the<br />

manner now practiced.’’<br />

X. ECONOMICS/COST<br />

The cost of the raw material, corn, has a major influence on industry economics;<br />

however, other factors can seriously offset that parameter. Net corn costs are<br />

determined after subtracting the value of corn wet milling by-products of corn<br />

oil, corn gluten feed, corn gluten meal, and ethanol. Strong demand and pricing<br />

for these by-products has the net effect of reducing overall corn costs, whereas<br />

Table 14 United States Spot Price<br />

for 42% HFCS, Midwest Markets<br />

$ Per hundred pounds<br />

Calendar year (dry weight)<br />

1975 22.67<br />

1976 14.03<br />

1977 12.44<br />

1978 12.12<br />

1979 13.15<br />

1980 23.64<br />

1981 21.47<br />

1982 14.30<br />

1983 18.64<br />

1984 19.94<br />

1985 17.75<br />

1986 18.07<br />

1987 16.50<br />

1988 16.47<br />

1989 19.21<br />

1990 19.69<br />

1991 20.93<br />

1992 20.70<br />

1993 —<br />

1994 18.77<br />

1995 15.63<br />

1996 14.46<br />

1997 10.70<br />

Source: Milling and Baking News.

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