Latest update January 13th, 2025 3:10 AM
Latest News
- Oil deal requires Govt. to formally write Exxon to request renegotiation – Dr. Adams
- Govt. eyeing another US$1.5B loan from US EXIM Bank
- Israeli siege of north Gaza leaves 5,000 dead, missing after 100 days
- More traffic cops using bodycams after Hicken’s warning
- Second terminal for CJIA on govt’s 2025 agenda
GuySuCo eyes Jamaica, Barbados as export markets for packaged sugar
The Guyana Sugar Corporation (GuySuCo) is hoping to restart supplying traditional CARICOM markets that were neglected to fulfill the country’s commitment to Europe.
This is according to a senior official in the Agriculture Sector, who enlightened that with this year’s production expected to be 216,000 tons of sugar and the fact that GuySuCo has been experiencing good yield, it is likely the company will be able to supply additional markets.
The official said that currently, sugar being packaged at the Enmore Packaging Plant is supplying the Guyana, Trinidad and Suriname markets. The additional markets being targeted include Jamaica and Barbados.
Enmore Packaging Plant
According to the official, Jamaica and Barbados were traditional markets of GuySuCo but because sugar production declined significantly, supplies to those CARICOM territories had stopped to allow Guyana to satisfy its commitment to Europe.
It was noted that the Enmore Packaging Plant has the capacity to process between 40,000 tons and 80,000 tons of sugar. This maximum capacity is not yet realized because of the limited sugar being supplied to the plant and teething problems in the initial three years of operations.
In fact, the plant underperformed in the first three years because of the limited sugar that was supplied to be processed. It was only during the last crop that the plant showed promising signs with an output of about 50 percent of its current capacity, which is 40,000 tons of sugar.
However, with the teething problems out of the way and all four packaging lines functional, the plant is now able to operate effectively. Authorities are hoping that the output would be greater once the raw material is supplied.
In May 2011, Government commissioned the US$12.5M Enmore Packaging Plant that was expected to earn Guyana up to 35 per cent more on exports. The plant was expected to help the company earn much more revenue when measured against the export of raw sugar to overseas markets largely because of added value, then Chief Executive Officer of GuySuCo, Paul Bhim had said.
Similar Articles
THE BLUNT OF THE DAY
Sports
Features/Columnists
Social media reporting is a double-edged sword
Peeping Tom… Kaieteur News- Social media has undoubtedly changed how we share and receive information. It has made... more
Clarifying misconceptions about the Panama Canal
Sir Ronald Sanders (Antigua and Barbuda’s Ambassador to the US and the OAS) By Sir Ronald Sanders Kaieteur News–... more
Weekend Cartoon
