Latest update November 26th, 2024 1:00 AM
GuySuCo probes smuggled sugar in rice boat to T&T
GuySuCo is probing the recent discovery of 3,000 bags of Guyana sugar that was being smuggled on a boat of rice to Trinidad and Tobago.
The Guyana Sugar Corporation (GuySuCo) says that it is investigating how 3,000 unmarked bags of sugar ended up in a boat transporting rice to Trinidad and Tobago.
The case has taken heightened significance as retailers have been complaining recently of a shortage on the local market.
There have been reports that sugar sold to wholesalers were being smuggled out to Suriname, Brazil and Trinidad and Tobago.
However, until now, there has not been any concrete proof. Yesterday, GuySuCo’s Chief Executive Officer, Paul Bhim, and his deputy, Raj Singh, disclosed that the matter is being probed with no clear picture yet as to who the exporter is.
Recently, as complaints by retailers grew, the Corporation said that it was investigating why the local prices rose by $2,000 to $8,500 per bag.
At least one wholesaler fingered as the possible culprit was being investigated. Recently also, GuySuCo announced a revamping of its quota system for local distributors, increasing the number of them in a geographically strategic manner.
Many shop owners have been complaining that they are paying an exorbitant price for sugar.
A price that GuySuCo insisted yesterday that has not been increased for over a year now from the Corporation side.
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