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Large govt. subsidies have kept the sugar industry alive since nationalization

Dec 13, 2019 Letters

DEAR EDITOR,

In a news media letter of December 8, Tony Vieira, a former legislator and management executive who has worked in the sugar industry for over 40 years expressed the view that many tragedies appear to be unfolding at Guyana Sugar Corporation (GUYSUCO) as it closes its sugar estates, destroying much of the fields infrastructures. He felt that the abandoned cane fields took a generation to develop and they have enormous potential if converted to aquaculture ponds to rear fish/shrimps/prawns with financial returns eight times more than that of sugar production. He provided no data to support his claim and further implied that the government should undertake this conversion. The evidence however, has shown that since independence no government (PNC, PPP, PNC/AFC) has ever managed an enterprise successfully. The profitable sugar industry since nationalization has been incurring huge losses in its operation and has been kept alive only by large government subsidies.

C. Sohan

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