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FM
Former Member

Multi-billion $$ handouts to sugar will not revive the sector – Hanoman

By Staff Writer On December 23, 2016 @ 2:07 am In Business

As the increasingly intense public and political discourse on the future of the country’s sugar industry persists, Guyana Sugar Corporation (GuySuCo) Chief Executive Officer Errol Hanoman has pointedly declared that providing the sector with annual multi-billion-dollar handouts is both unwise and unsustainable.

“Are we going to run the rest of the country down just to keep GuySuCo going?” Hanoman asked.

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Sugar is dead. It has been identified as a major cause of obesity. Many product manufacturers who use sugar have already committed to reducing its use. We have to face reality. New markets are not opening, but existing markets closing. 

Mr.T
Mr.T posted:

Sugar is dead. It has been identified as a major cause of obesity. Many product manufacturers who use sugar have already committed to reducing its use. We have to face reality. New markets are not opening, but existing markets closing. 

Pertinent perspective, T.

FM

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