The World Bank Report Says
"In 2001 GUYSUCO developed a strategy to modernize the industry and re-position itself both to profit from its comparative advantage as a competitive, low-cost, regional sugar producer and to reduce its production costs to be able to compete in international markets."
Did the Jagdeo Government made Guysuco into a competitive and efficient producer?
Listen to Moses Nagamootoo.
What was the realities?
Moses Nagamootoo MP says "...GuySuCo has not reduced the cost of producing sugar from 17 cents to an average of 9 cents a pound through sheer mismanagement, incompetence and poor investment?
Is the union talking about the βrealityβ that average cost of production went up to 19 cents a pound in spite of some $47 billion being pumped into the new Skeldon sugar factory?
The reality is that for a $47 billion investment, production of both sugar and energy is way below projected target. The union needs to look at the reality of no returns for the nationβs money and sugar workersβ sweat."
THE VOICE OF MOSES NAGAMOOTOO.