Tag Archives: Caricom competition for sugar

Guyana: Growing Caricom competition for regional sugar markets – 2 articles

Prime Minister Moses Nagamootoo addressing the opening of the National Conference of Private Cane Farmers.

Guyana facing growing intra-Caricom competition for regional sugar markets

Friday, 14 August 2015- Demerara Waves

Photo: Prime Minister Moses Nagamootoo addressing the opening of the National Conference of Private Cane Farmers.

The Chairman of the Board of Directors of the Guyana Sugar Corporation (GuySuco), Professor Clive Thomas and the entity’s Chief Financial Officer (CFO), Paul Bhim on Friday differed about the viability of marketing sugar in the Caribbean due to increasing competition from sister producers.

Delivering a presentation at the inaugural National Cane Farmers Conference, Thomas said one option open to the loss-making entity is to sell more sugar to sister Caribbean Community (Caricom) countries by taking advantage of market protection through the 40 percent Common External Tariff (CET).   Continue reading

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