Sugar export drops by $US3.6M tonnes despite price increased by $US0.4 for 2025 - BoG Half Year Report

Sugar export drops by $US3.6M tonnes despite price increased by $US0.4 for 2025 – BoG Half Year Report

Dec 28, 2025 News

(Kaieteur News) – Sugar exports for the first half of 2025 dropped by $US3.6M or 4.063 metric tonnes, in spite of the price increasing by $US0.4. This is according to the Bank of Guyana’s (BoG) Half Year Report.

The report said that the export earnings for the time frame in question, amounted to US$3.6M which is 47.2 percent or US$3.2 million below what was earned for the same period ending June 2024.

“This outturn was attributed to a 47.2 percent decline in the volume of sugar exported despite a 0.1 percent increase in the average price for the commodity. The volume of sugar exported amounted to 4,533 metric tonnes or 4,063 metric tonnes less than the recorded export for the same period in 2024,” the report said.

The CARICOM region was responsible for 95.9 percent of total sugar exports, in comparison to 25.8 percent last year. Additionally, the United States of America (USA) under the USA Bagged accounted for 0.6 percent.

Even though the average export price saw an increase of 0.1 percent which translates to US$0.4 taking prices to US$784.77 per metric tonne, when compared with US$784.37 per metric tonne at the end June 2024, overall exports for the first six months were lower than last year.

Kaieteur News on November 6 reported from the Mid-Year Report that during the first six months of 2025, the sugar growing industry is estimated to have expanded by 136.7 percent when compared with the first half last year. The Guyana Sugar Corporation (GuySuCo) produced 15,954 tonnes of sugar in the first crop of this year, compared with only 6,739 tonnes during the same period in 2024. The report said heavy rainfall, labour shortages and cane quality affected further expansion from occurring.

Meanwhile, government noted that it is still targeting an overall production of approximately 101,000 tonnes of sugar for 2025, with the second crop being traditionally the larger of the two crops.

Kaieteur News also reported that A Partnership for National Unity’s (APNU) Shadow Minister of Agriculture and APNU MP Vinceroy Jordan dismissed the government’s claims that Guyana’s sugar industry grew by over 100%, calling the PPP/C’s [People’s Progressive Party Civic] 2025 Mid-Year Report “misleading propaganda.”

The report claims sugar production expanded 136.7% compared to the first half of 2024, but Jordan says the figures are misleading, based on comparisons with failed targets and ignoring ongoing shortfalls. According to him, GUYSUCO fell short of its 2024 and 2025 targets, producing just 47,103 tonnes in 2024 against a goal of 63,276 tonnes, despite over $45 billion in taxpayer subsidies since 2020.

Even with $13.3 billion in additional 2025 funding, first crop results continue the declining trend, leaving the government’s ambitious modernisation promises unfulfilled. Factories remain inefficient, workers demoralised, and targets missed yet, no accountability has been enforced, the APNU said. Jordan warned, “The PPP must stop using GUYSUCO as a political tool. Sugar workers and taxpayers deserve honesty, efficiency, and leadership — not empty speeches and broken promises.”

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Sugar export drops by $US3.6M tonnes despite price increased by $US0.4 for 2025 – BoG Half Year Report

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