GuySuCo may fail to reach proposed target of 71,000 tons of sugar – 22nd Apr 2013
There is more trouble for the struggle in the sugar industry and all indications are that the Guyana Sugar Corporation will not reach its proposed target of 71,000 tons of sugar for this first crop. Guyana’s Agriculture Minister, Dr. Leslie Ramsammy, recently told this Newscast, that the shortfall is because the industry is trying to correct what he calls, anomalies, that have developed over the years.
GUYSUCO was granted a 1 billion dollar subsidy in the 2013 National Budget and it is the hope of the Ministry to put systems in place to turn around the fortunes of the sugar industry. Dr. Ramsammy admitted in the National Assembly that the previous turnaround plan for the sugar industry was not as productive as the Government would have wanted it to be. However, he said a revised plan will seek to address the shortcomings of the first plan. The Minister said having an adequate labour force is one of the issues facing the industry.
For this year, GUYSUCO is projecting an overall target of 240,000 tons of sugar and the Minister is hoping that despite the shortfall, the industry will rebound in the other crops.