Rum will die too.

Value added products like can or bottle cane juice, fish farming, renewable clean energy, local building construction materials from the cane ash and crops are like popular vegetables for export should have been done long ago

Yesu Persaud is wasting his time.  Sugar is dead and gone, or soon will be.

DUMMIES, FOOLS, SHITHEADS RUNNING GUYANA!!  THEY WILL NOT ONLY KILL THE SUGAR INDUSTRY BUT RICE, BAUXITE, FISH, SMALL FARMS.  GUYANA GONE FUH CHANNA!!

baseman posted:

ago

It cannot come to fruition without cheap reliable power.  !!

Cease using that excuse.  Jamaica has the same energy problems as does Guyana.  So does the DR, and other Caribbean islands, yet their agro industrial sectors are more viable!

Burdening Guyana with a huge debt, as was demanded by the Amaila project, was NOT sustainable.  This was compounded by the MASSIVE corruption engaged by the PPP, when they spent millions on one of their cronies to build a road, even when others CHALLENGED them to prove that Fip Motilall had this capability.

The gap is too large to bridge, the sugar industry would have to produce at half their cost to even be competitive on the world market.  Yesu is an old fart who has run his course, now he is in senility mode. 

While the cost of production for Guyana’s sugar is 24 cents, the price on the world market is almost 50 per cent below that at 13 cents.

Is Yesu contradicting himself?  In this article he seemed to favor closing some estates.

Finding a buyer for the troubled Guyana Sugar Corporation (GuySuCo) is the most viable option for government, according to veteran businessman Yesu Persaud.

“In my opinion, if we can find a buyer who’s willing to take on those debts… because you have substantial assets—the land and factories etc—take it over at a price, of course, that has to be negotiated, then I think there could be a future,” Persaud said after a meeting with the members of the Commission of Inquiry into the sugar industry yesterday.

“I told them it is either two things: you either revise what you have, it is going to be morecostly because you have to go and borrow, borrowing is a very expensive; or, one of the things you could look at, find a buyer and that may be possible,” he added.

According to Persaud, while local banks have been “very generous” in granting loans to GuySuCo, internationally GuySuCo’s high cost of production ensured that loans are given with high interest rates. The corporation is, therefore, faced with billions in debt and high interest rates should it look to loans to assist with debt payments.

Persaud said that due to the $60B debt being carried by the sugar corporation, it is more likely that there would have to be a move toward full privatisation as opposed to divestment and partial privatisation of the state company.

He also pointed out that sugar production has fallen far below a profitable margin. For the first crop, it took approximately 13 tonnes of cane to produce one tonne of sugar.

Persaud stated that for GuySuCo to turn a profit, that figure would have to drastically change to approximately five tonnes of cane per tonne of sugar.

At the same time, he added that the high cost of production coupled with Europe’s emerging beet sugar market essentially meant that the sugar industry’s largest buyers were effectively gone. “We can’t compete with beet sugar, so you can say that we have lost the European market,” he stated.

“When you’re a price taker, you have to take the market as it is. So overall it is not an easy task,” he added. GuySuCo’s cost of production is roughly US$0.40 per pound of sugar, while it sells to Tate and Lyle, the company’s largest European buyer, at US$0.16. World market prices have dropped to as low as US$0.13 per pound since July of last year.

Persaud added that any potential buyers of the corporation will need to be prepared to look at a complete overhaul or rehabilitation. “The future of the industry depends on your ability to rehabilitate it. So, [if] you are going to buy it, you gotta be prepared to rehabilitate it because remember you have the areas of land, you have to check what you can do with that land, it need not be sugar it could be anything, any other commodity,” he said.

With the large debt and the current state of the fields, which have produced low yields due to poor cane quality, Stabroek News asked Persaud if he thought finding a buyer was very plausible. He admitted that it would be difficult but pointed out that the corporation’s lands were vast and other commodities could utilise the vast allocations. He cited fish farming as one example.

Persaud noted that currently Berbice estates Albion, Rose Hall and Blairmont are viable and continually make production targets. However, he said the additional five estates were non-viable, including the Skeldon estate, with its troubled US$200M factory.

President of the Guyana Agricultural and General Workers’ Union (GAWU) Komal Chand has long advocated for serious investigations to be made into the state of the fields and to ensure that good husbandry practices are being followed through on. Chand has said that the cane yields have severely declined, which has resulted in GuySuCo being unable to have an annual portion of land resting or under flood fallowing. He has said that GuySuCo needed to do a comprehensive survey of the fields and that the plan had to take this into consideration. Representatives of GAWU and the other major union in the industry, the National Association of Agricultural, Commercial and Industrial Employees are expected to resume making presentations to the commission on the current state of the industry on Saturday.

Alzheimer is common in the elderly, give the man a break. 

DDL needs access to molasses, which is increasingly difficult to get, hence his concern.

Who is going to buy Guysicko? He didn't offer to buy it, even as DDL stands much to lose if Guysuco closes.

There isn't any sugar shortage.  Guysuco is plagued by a trade union which doesn't understand the facts of life, and a charlatan named Jagdeo, who refuses to admit that he is responsible for the industry's problems.

The best that can be done is to focus Guysuco in areas where it might be most productive, cutting costs, and so allowing a planned phase out of the industry.

Talk of closing the Demerara estates is as old as when I began to post in GNI, that is 14 years ago!  And in fact several have ALREADY been closed. 

So why the wails about Wales? Isnt it better to focus on a transition plan for the workers, and the farmers than to fool them that the gov't can sustain this unproductive estate indefinitely?

But no, screaming "black man a kill ahbe" is something that Jagdeo prefers to do!

caribny posted:

 

Talk of closing the Demerara estates is as old as when I began to post in GNI, that is 14 years ago!  And in fact several have ALREADY been closed. 

 

Is you DrugB whooped in the race and caused you to change your handle 

VVP posted:

caribny posted:

 

Talk of closing the Demerara estates is as old as when I began to post in GNI, that is 14 years ago!  And in fact several have ALREADY been closed. 

 

Is you DrugB whooped in the race and caused you to change your handle 

Nah, back then Caribny was Caribj.  Nuff was Nuff!!  Nuff started his own site, but not sure if it still around!  He said PPP had too much pull on this.  Caribj went there but quickly returned as he grew tired of all the twerking, jamb lolo and whatever else they did over there.  Caribj would write his piece and everyone would read and congratulate him!  Only BK would question his grammar sometimes!  It was boooooring!!

He preferred this site where he give out lash and tek lash!!  Caribj is actually a good guy and not a chicken, Nuff was good, but a lil chicken, he tek lash run get away!!

caribny posted:

But no, screaming "black man a kill ahbe" is something that Jagdeo prefers to do!

You need to copyright this phrase!!

Caribj, come on, last I heard, alyuh ah cry BJ bounced up them Buxton bais!!

caribny posted:

baseman posted:

ago

It cannot come to fruition without cheap reliable power.  !!

Cease using that excuse.  Jamaica has the same energy problems as does Guyana.  So does the DR, and other Caribbean islands, yet their agro industrial sectors are more viable!

Burdening Guyana with a huge debt, as was demanded by the Amaila project, was NOT sustainable.  This was compounded by the MASSIVE corruption engaged by the PPP, when they spent millions on one of their cronies to build a road, even when others CHALLENGED them to prove that Fip Motilall had this capability.

Nah, it is power, believe me.  I did the study for a project when I was there in 2010.  Cost/reliability of the power grid were kill factors!!

Alyuh static thinkers will never get anything going except pu.s.syfoot projects which will never provide that break-out capability!!  You have to hope for oil, the typical 3rd world solution!!

Dem boys going back to Amelia, Specialty Hospital, road proposed from Ogle to Timehri, and very soon the Marriot Hotel.  Follow de leader.... Jagdeo's initiatives.

Jagdeo is the People's President.

England just introduced a sugar tax in order to reduce sugar consumption. Sugar dying.

caribny posted:

baseman posted:

ago

It cannot come to fruition without cheap reliable power.  !!

Cease using that excuse.  Jamaica has the same energy problems as does Guyana.  So does the DR, and other Caribbean islands, yet their agro industrial sectors are more viable!

Burdening Guyana with a huge debt, as was demanded by the Amaila project, was NOT sustainable.  This was compounded by the MASSIVE corruption engaged by the PPP, when they spent millions on one of their cronies to build a road, even when others CHALLENGED them to prove that Fip Motilall had this capability.

How soon you forget the EMPTY TREASURY AND MASSIVE corruption engaged by your beloved PNC bhais..