The Canadian Press

"Cuba has struggled to revive its own sugar industry , though output has recovered somewhat since 2010's 1.1 million tons, the lowest in a century. It once regularly produced 6 million tons."

Government cannot continue to bail out the industry. Maybe a Public, Private Partnership would be a start to fix this industry, leading to complete private ownership.

* Like I mentioned in another thread, there is no future for the sugar industry in Guyana. There is no reform that can return the industry to financial viability.

* The Prime Minister ought to pull the plug on sugar---sell out the lands to the private sector---and let them do their magic---they can develop other agri products---and focus on agri processing.

Rev

The sugar industry has had some bad press and competition from artificial sweeteners. Privatising it won't make a difference. You can't force people to buy sugar if its user base declines due to trends.

The European community shafted us. The Demerara brand was sold down the drain by the PPP, and it is now used and abused by anyone who wishes to do so. The best we can hope for is to turn a lot more of that sugar into rum. Alcohol consumption around the world has gone up. And good rums are hard to find. I man have to pay people to get me the best WI rums sent over because of lack of agents of the right stuff in the UK.

* No sensible private sector investor would want to produce sugar in Guyana.

* But investors would surely be interested in GUYSUCO's assets---how much land does guysuco own ?

Rev

There is massive protectionism of European "rums" where they buy bulk rum from Guyana and sell it as Demerara "Rum".  I know that the rum exporters have been battling to get their branded products into the EU but the domestic spirits lobby fights it off.

Premium brands from Guyana are available in both Canada and the USA, though you have to go look for it.  And its much more expensive than the PR and VI rum.

The world is running out of food as arable land and water become scarcer.  Given that Guyana has no shortage of either, why the obsession with sugar, which is declining and health concerns reduce demand in the richer nations, and larger producers like Thailand, Australia and Brazil out compete us.

Once the cane cutters are leaving the country the sugar industry is doomed.

The PPP had 23 years to solve this problem. Their solution was to expand into cocaine.

And they did a good job.   

The PNC after 4 days turned to the commies.  This is what you accused the PPP of...