Government, this year, will be scrambling to find solutions for the country’s sugar industry as production fell to an embarrassing 23-year low in 2013.
Production at the eight estates in Berbice and Demerara closed on December 21, the last day of grinding, at a dismal 186,807 tonnes. This was below the 190,000-tonne figure that had been targeted and which had been revised again and again from the original 260,000 tonnes at the beginning of the year. The situation has now left the Guyana Sugar Corporation (GuySuCo) owing banks and suppliers in excess of $10.5B, union officials confirmed yesterday.
- GuySuCo in deep financial crisis (kaieteurnewsonline.com)
- Time to consider new type of sugar industry – Vieira (stabroeknews.com)
- Sugar production trudges to 23-year low (kaieteurnewsonline.com)
- Sugar workers strike over production incentive (stabroeknews.com)