State of the sugar industry is a cause for concern, Says AFC’s executive member Moses Nagamootoo – 10th Jun 2013
He said the Government continues to invest millions into the sector which is yet to realize its true potential because of the mismanagement by GUYSCO’s board.
The Finance Minister continues to attribute the failure of the sugar industry to changing weather pattern and industrial relation actions.
The AFC has called for the Government to launch a Commission of Inquiry into the operations of GUYSUCO and the immediate appointment of a new Board.
Other political leaders also share the view that the poor leadership and management of the industry maybe the main reason contributing to the current plight of the sugar industry.
Ever since the European Union’s 36% cut, the sugar industry has found it more difficult to maintain both local and international markets due to low sugar production.