Skeldon Sugar Factory needs to be efficient, says APNU MP Carl Greenidge
4 February 2013 – Capitol News: Guyana’s future in the sugar manufacturing sector can only be secured if we improve our efficiency and stamp out corruption. That is the position of Former Finance Minister, APNU MP Carl Greenidge. Greenidge was commenting on Guyana’s prospects in the sector in light of the European Union’s extension on the sugar quota for ACP countries which includes Guyana.
At the moment, the ACP grouping enjoys access to the EU market which is one of the largest importers of the sweet commodity and since the price cuts several years ago, the EU has committed some 1 and a quarter billion Euros to help countries adjust to the lost revenues as a result of the price cuts. The Skeldon Sugar Factory which is one of the most modern in the Caribbean, was supposed to have cushioned the effects of the price cuts but Greenidge says, it has not lived up to expectations. Continue reading
