To revitalise its sugar industry, Guyana will be sourcing support from Guatemala’s sector, according to local press reports.
Guyana – 2017 sugar output falls to 27-year low [Registered]
Sugar output in Guyana in 2017 is expected to fall by nearly a quarter from last year to nearly 140,000 tonnes, the lowest in 27 years, according to the State-run Guyana Sugar Corporation (Guysuco).
Guyana – Three sugar factories to close as preferential access to EU market ends [Full subscriber]
Guyana, the Caribbean trade bloc’s largest producer and exporter of raw cane sugar, is scaling back production and pulling away from the European market for the first time in nearly 400 years ahead of the liberalization of the EU sugar sector that had guaranteed export quantities from its former colonies, according to local press reports.
Guyana – Srinathji Ispat seeking to take over Skeldon Sugar Factory [Registered]
Indian company, Srinathji Ispat Limited has expressed interest in taking over the entire Skeldon sugar estate following a visit to the factory in January, according to local press reports.
Guyana – EU gives €24 million to upgrade sugar industry [Registered]
The EU is to give Guyana €24.4 million to assist the country’s ongoing efforts to modernize its sugar industry.
Guyana – State owned sugar factory to close [Registered]
The factory in Wales could only continue to operate with significant investment that would make little financial sense given the outlook for the industry in Guyana and throughout the world, Agriculture Minister Noel Holder said on 18th January.
Guyana – GuySuCo ordered to pay Booker Tate US$994,630 [Registered]
Guyana’s High Court has ruled in favour of the UK-based sugar management firm Booker Tate, ordering the Guyana Sugar Corporation to pay GBP664,750.91 US$994,630) for fees owed during the period it managed the industry, according to local press reports.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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