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Is white sugar still a good option?
Dear Editor,
The recent increase in crude has also resulted in stronger sugar prices. The world market deficit for sugar was reduced recently to just under an estimated 2 MMT and white sugar prices have recently jumped close to two percent.
Plans were being made to pursue this option with favourable terms in the Caribbean market and an investment in white sugar production capabilities at GuySuCo. The pursuit of this strategic investment appears to still be positive over long term and the planned timing to bring production online during the early part of 2022 is well timed.
Looking forward to seeing the ribbon cutting.
Best regards,
Mr. Jamil Changlee
Chairman
The Cooperative Republicans of Guyana
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