Guyana produces at US$800 per ton, sells for US$300
GuySuCo CEO,
Dr. Raj Singh
April 3, 2015 | By KNews | Low sugar price on the world market
The Guyana sugar industry is facing an even bleaker future with prices sliding to their lowest levels since February 2009. The dismally low prices come at a time when the country failed over the last three years to lock in a multi-year agreement with its biggest customer in Europe – Tate & Lyle – leaving the country at the mercy of the international markets.
This week, the price for a pound of sugar on the world market went down to US$0.12.
This simply means that should the prices on the world market remain on course – and there are not any immediate indications of significant movements upwards in the immediate future – Guyana would be selling sugar in the vicinity of a highly uncompetitive US$265 per ton. Continue reading
Nigeria’s precedent for peaceful democracy
Nigeria’s precedent for peaceful democracy
Nigeria’s President Goodluck Jonathan (L) and his election opponent Muhammadu Buhari pose after signing a peace accord in Abuja just days before the March 28 election.
By the Christian Science Monitor’s Editorial Board April 1, 2015
A healthy democracy relies heavily on private watchdogs – either civic groups or journalists – to keep a check on voter fraud, campaign lies, or the undue influence of money. In the run-up to a March 28-29 election, Nigeria decided to create a new type of democracy protector: the peace committee.
The panel consisted of esteemed clergy, businesspeople, international statesmen, and a former head of state, all of whom worked as activists for peace to end Nigeria’s history of electoral violence. Continue reading →
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