Tag Archives: Guyana’s Sugar: A MISMANAGED GUYSUCO

Guyana’s Sugar: A MISMANAGED GUYSUCO

Guyana’s Sugar: A MISMANAGED GUYSUCO

Mar 30, 2018  Editorial, Kaieteur News

For the last two decades, the sugar industry was kept alive with huge subsidies. Upon taking office in May 2015, the Granger administration realized that GuySuCo was ailing. A temporary solution was to follow in the footsteps of its predecessor and continue to subsidize it with billions of dollars. The reason was that there was no easy solution to salvage the bankrupt GuySuCo.

The Jagdeo administration decided to build the Skeldon sugar factory at a cost of more than US$200 million because as Jagdeo said, the factory would lower the cost of production and make Guyana’s sugar competitive on the world market.      Continue reading

%d bloggers like this: