Latest update December 25th, 2024 1:10 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

GuySuCo, PNCR clash over sugar importation claims

Jun 13, 2008 News

The Guyana Sugar Corporation (GuySuCo) is denying claims by the People’s National Congress Reform (PNCR) that it is importing brown sugar.
Yesterday, the PNCR in a statement said that it has received credible information that four large containers of sugar were recently uplifted by GuySuCo to satisfy local demand.
“This information seems consistent with the fact that GuySuCo is clearly hard put to balance its external commitments with meeting the demands for the local market,” the party noted.
However, the sugar company fired back in a correspondence of its own, pointing out that while seven 20ft containers were cleared from the wharf for the week ending June 7, 2008, they contained refined white sugar.
“The Corporation imports refined white sugar and has been doing so for more than fifteen years. We administer and facilitate the supplies to small manufacturers under the guidance and supervision of the Guyana Revenue Authority. In so doing, we provide a vital service to the cottage industries that require small volumes on a regular basis but in insufficient quantities to warrant direct importation.”
The sugar entity reminded that it did indeed urge distributors for prudent management of stocks in light of the inclement weather conditions which impacted on production in the first crop and the need to deliver increased quotas to Europe. It had also assured the public that it would meet the demands of the local market.
According to the PNCR statement, GuySuCo, in a press release sometime ago, had denied it was considering importing sugar and had cautioned Guyanese to “exercise prudent management of their stock.”
This was a clear indication that the Corporation had recognized that supplying the local market had become a problem, the PNCR said.
The party challenged GuySuCo to state “unambiguously whether it has difficulties supplying the local market.”
But the Corporation chided the PNCR on the statement and said it is regrettable that the party did not seek information directly from GuySuCo in an effort to clarify the matter.
“The statement will serve to create panic buying which we have been working assiduously to curb since the misleading article was published in one of our dailies two months ago stating that the Corporation was contemplating the importation of sugar.”
The Corporation also indicated that the price of sugar remained at $3,800 per bag.   GuySuCo is planning to provide recommended wholesale price for areas outside of Georgetown.
“We will take firm action against any wholesaler that is engaged in hoarding and price hiking.”

Similar Articles

The Glenn Lall Show | December, 2nd, 2024

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

The wait is over, all roads lead to KMTC for their Grand Boxing Day Horse race meet

The wait is over, all roads lead to KMTC for their Grand Boxing Day...

Dec 25, 2024

Over 70 entries in as $7M in prizes at stake  By Samuel Whyte Kaieteur Sports- The time has come and the wait is over and its gallop time as the biggest event for the year-end season is set for the...
Read More
Xhiya Hercules – flipping the script towards Gymnastics history for Guyana

Xhiya Hercules – flipping the script towards...

Dec 25, 2024

Road Warriors, Bent Street, Team Cruel & Gold Is Money into quarter-finals

Road Warriors, Bent Street, Team Cruel &...

Dec 25, 2024

Deol maiden hundred outshines Matthews’ as India take series

Deol maiden hundred outshines Matthews’ as...

Dec 25, 2024

Moraikobai village two days football competition and fun day set for Old and New Year’s Day

Moraikobai village two days football competition...

Dec 25, 2024

BCB thanks cricket fraternity for strong support in 2024

BCB thanks cricket fraternity for strong support...

Dec 25, 2024

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]