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Tag Archives: cost reduction

President defends decision to keep GuySuCo afloat despite unprofitable production cost

President Irfaan Ali on Wednesday sought to justify his People’s Progressive Party Civic’s (PPPC) administration to keep the limping state-owned Guyana Sugar Corporation (GuySuCo) operational in its present form, although the US$1.31 per pound cost of production exceeds the selling price of US$0.35 cents per pound. “We cannot look at sugar only from that measurement that you used because there ...

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