Latest update May 3rd, 2026 12:45 AM
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- First quarter report: Record high oil production in Guyana drives industry-leading profits for Exxon
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Guyana must continue to diversify economic portfolio while strengthening traditional industries
Dear Editor,
As a communications analyst, I have spoken with many displaced former workers from the sugar industry in Berbice, gaining insight into their experiences following the sector’s period of decline. These conversations reflect not only economic hardship, but also the emotional and social strain that accompanied the loss of stable employment in communities long dependent on sugar.
The closure of several sugar estates in Guyana—Wales, Skeldon, Enmore, and Rose Hall—between 2016 and 2017 resulted in approximately 7,000 workers losing their jobs. This decision created significant socio-economic disruption, affecting families, small businesses, and entire villages that relied heavily on the industry for survival and continuity
The reopening of the Rose Hall Estate in Berbice, however, represents a step toward recovery and renewed confidence. As of March 2026, public reports indicate that the Rose Hall, Albion, and Blairmont estates exceeded their weekly production targets during the second week of the current crop, producing 2,457 tonnes of sugar against a target of 1,989 tonnes—surpassing expectations by 468 tonnes. This progress was further supported by the Weekly Production Incentive (WPI), which has motivated workers by providing additional earnings for increased productivity.
These results demonstrate that a combination of improved infrastructure, better management practices, and a committed workforce can significantly strengthen the industry. Strategic coordination and investment are proving essential in restoring efficiency and building momentum within the sector.
At the same time, the training and development of the next generation of skilled workers will be critical to sustaining long-term growth. The Guyana Sugar Corporation (GuySuCo) is targeting 100,000 tonnes of sugar production in 2026, supported by a $13.4 billion government allocation aimed at modernization, mechanization, and factory improvements. With production costs previously exceeding selling prices by 154%, ongoing reforms are focused on achieving financial sustainability, with projections indicating a return to profitability by 2030.
With all of this in mind, it is important that Guyana continues to diversify its economic portfolio while strengthening traditional industries. Sugar remains a foundational part of our national identity and economic history, alongside rice production, and continues to play a vital role in supporting regional food security within CARICOM. A balanced approach will ensure both resilience and progress for the nation.
Sincerely,
Mr Blane R Bunbury
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