This is correct, they stayed in the game too long, they should have closed down the industry like the rest of the Caribbean. No nation in the Caribbean other than Guyana is now producing sugar at a commercial level. 

Sugar is the quintessential food and industrial product. We just have to use it to fill its natural niche with byproducts. If we do not diversify the product base instead of trying to sell raw sugar we miss the maximum utility of its potential as an income earner.

The current price for sugar on the world market is $.22 per lb.  Why can't Guyana make a profit or at least breakeven on sugar?

Billy Ram Balgobin posted:

The current price for sugar on the world market is $.22 per lb.  Why can't Guyana make a profit or at least breakeven on sugar?

Cost of production is the issue,this is nothing new from since Colonial Times the British Planters were getting preferential prices to offset cost.

The Industry need to add value added products to offset the loss in the prices,the former gov't knew there will be an end to the special prices,the didn't start the process to offset the lost as such the Industry got and are getting bail out from the Government,this is a heavy burden on the coffers of the gov't.

Stormborn posted:

Sugar is the quintessential food and industrial product. We just have to use it to fill its natural niche with byproducts. If we do not diversify the product base instead of trying to sell raw sugar we miss the maximum utility of its potential as an income earner.

Who is "we" ? When Granger came seeking your support recently, you ran for cover.  Why don't you implement some of these grandiose plans of yours by actually putting skin in the game? 

Drugb posted:

Why don't you implement some of these grandiose plans of yours by actually putting skin in the game? 

Instead of telling others what to do why don't you take your family's tremendous wealth and do good for humanity.

No wonder your mother banished you to live in the USA.

caribny posted:

Drugb posted:

Why don't you implement some of these grandiose plans of yours by actually putting skin in the game? 

Instead of telling others what to do why don't you take your family's tremendous wealth and do good for humanity.

That is the job of your govt which you now abandoned when Granger came looking for help. These idiots you put in office have their hands on the nation's coffers and instead of helping the people they chose to fill their pockets wit 50% raises and finance sport and wine down for their supporters.

caribny posted:

Drugb posted:

Why don't you implement some of these grandiose plans of yours by actually putting skin in the game? 

Instead of telling others what to do why don't you take your family's tremendous wealth and do good for humanity.

No wonder your mother banished you to live in the USA.

Carib, you are wasting resources on this idiot.