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GuySuCo nears 200,000-tonne mark

Nov 10, 2015 News

With just seven weeks left in the year, the Guyana Sugar Corporation (GuySuCo) is nearing its 200,000-tonne sugar production.
According to the corporation yesterday, the year’s second crop to date has produced 118,180 tonnes of sugar or 80.7 % of the estimate for the crop.
As of week ending November 6, Skeldon and Blairmont Estates in Berbice surpassed their weekly target while Albion, Rose Hall and Enmore Estates achieved 91.43%, 90.29% and 90.26% respectively.
Last week, Blairmont recorded its highest daily production of 240 tonnes sugar for this crop, GuySuCo said.
In total, some 199,323 tonnes has been produced for the year to date which represents 87.6 % of the total sugar production estimated.
Attention is being placed on the industry which has been in turmoil for more than two decades.
Once the biggest foreign currency earners, the industry has fallen behind rice and gold with workers leaving in droves. Production fell to a two-decade low.
The previous Government had been forced to inject billions of dollars annually to help keep the industry afloat, despite GuySuCo reportedly producing sugar at more than double the cost it was selling at the world price for. It has also been failing to meet targets.
With a new Government in place following the May 11 general elections, GuySuCo has been reporting a gradual turnaround with its US$200M Skeldon factory, in Berbice, finally meeting its production targets.
Following the May 11 elections, the new Government sacked the entire Board and its Chief Executive Officer, Dr. Rajendra Singh.
New Chairman, Professor Clive Thomas, has credited less political interference as one of the reasons for the improvements.

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