Tag Archives: Guyana Sugar Corporation (GuySuCo)

Beset by low production, high operational costs, the loss-making Guyana Sugar Corporation (GuySuCo) signed a three-year wages and salaries agreement with the Guyana Agricultural and General Workers Union (GAWU). The union said in a statement that GuySuCo workers would receive a 10 percent pay hike retroactive to January 1, 2024; 8 percent for 2025 and 9 percent for 2026. GAWU ...

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 ...

President Irfaan Ali has instructed Agriculture Minister Zulfikar Mustapha to meet with representatives of the Guyana Sugar Corporation (GuySuCo), the workers’ union and other stakeholders to ascertain the cause of the worst sugar production output in history, despite the government pumping billions of dollars in the virtually paralysed industry. Mr Jagdeo indicated that he had learnt that GuySuCo’s position was ...

Even as the state-owned Guyana Sugar Corporation (GuySuCo) on Monday continued its one-week long silence on its unprecedented dismal sugar output, the opposition assailed the government for pumping billions of dollars into the ailing loss-making industry and called for a new Commission of Inquiry aimed at finding a solution. The corporation’s Chief Executive Officer, Paul Cheong, who is an executive ...

The Guyana Agricultural and General Workers Union (GAWU) on Monday said the country’s sugar production continued to plummet due to poor management of agricultural operations. While the state-owned Guyana Sugar Corporation’s (GuySuCo) overall production target was approximately 70,000 tonnes, GAWU said that as of October 26, 2024, that company produced 24,711 tonnes or just 39% of its second crop target ...

Sugar production slumped by 60.4% during the first half of 2024 with production of 6,739 tonnes of the sweetener reported by the state-owned Guyana Sugar Corporation (GUYSUCO), according to the Finance Ministry’s report on the country’s economic performance from January to June. “This performance is attributed to the carried over impacts of drier-than-usual weather conditions last year into the second ...

The opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) parliamentarians and Agriculture Minister Zulfikar Mustapha on Friday clashed over government’s request for parliamentary approval of GY$4 billion that was spent on the ailing sugar industry. Mr Mustapha, in response to APNU+AFC’s Khemraj Ramjattan, said GY$397 million was spent on fuel for irrigation, GY$81 million on other aspects of drainage ...

The state-owned Guyana Sugar Corporation (GuySuCo) has employed 543 new employees at Rose Hall Estate to implement a mechanisation programme as the sugar industry continues to grapple with a labour shortage, Minister of Agriculture Zulfikar Mustapha said Tuesday. He was responding to questions from opposition APNU+AFC parliamentarian, Vinceroy Jordan about why GY$643,690,000 was spent on wages and salaries. “We employed ...

The National Industrial and Commercial Investments Limited (NICIL), the holding company for government’s assets, will be asked to return the closed sugar estates to the state-owned Guyana Sugar Corporation (GuySuCo) which will be reopened after a review is done, Agriculture Minister Zulficar Mustapha said Tuesday. “In terms of the timeframe for reopening the closed sugar estates, first of all GuySuCo ...

The Guyana Sugar Corporation (GuySuCo) on Monday said it offered field and factory workers a 5% increase in wages and negotiations are continuing with the Guyana Agricultural and General Workers Union (GAWU). Refuting a report in the pro-opposition PPP Guyana Times newspaper that GuySuCo’s offer was around one percent, the state-owned sugar corporation said that on February 7, 2020, it ...