Bitter sugar at the point of no return in guyana
The government is pumping millions into the struggling sugar industry that noted economist Dr Clive Thomas feels is at a point of no return. But the ruling party is still optimistic that the industry will survive its current state.
Alliance For Change executive Moses Nagamotoo said political interference has resulted in bad management, low production and low productivity and unemployment within the industry.
A new board will be installed later this year and general secretary of the PPP/C Clement Rohee said he is confident that the new board will come up with plans to turnaround the industry.
The industry is currently providing employment for thousands of workers and Nagamotoo feels should the industry go under the lives of thousand will be disrupted.
The AFC wanted to see the entire board sacked.
Sugar has lost its sweetness over the past two decades recording its worst production recently. Added to that GUYSUCO is said to be indebted to the tune of million of dollars to suppliers.
The problems are further compounded with the failure of the Skeldon Sugar Factory to live up to its expected potential. Then there is the problem of having adequate supply of canes. Sugar has been on the decline since the European Union’s 36 % price cut some years ago.