The Guyana Sugar Corporation (GuySuCo) on Thursday called for the release of much needed funds to halt a further decline of the state-owned industry that produced a mere 90,246 tonnes of sugar last year due to mechanical problems, bad weather and strikes. “The industry will continue to face challenges to achieving reliability in the factories if operation capital investments continue ...
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Guyanese manufacturers say Plantation white sugar unacceptable; reject call for 40% tax on refined sugar
The Guyana Manufacturing and Services Association Limited (GMSA) on Monday rejected calls by a Belizean producer of Plantation white, or mill white, sugar to impose a Caribbean-wide 40 percent tax on extra-regionally refined sugar, saying that Plantation white sugar will result in poor quality products and in some cases injury to consumers. “If manufacturers were to use plantation white instead ...
Read More »Guyana part of regional study on substituting refined sugar with “plantation white”
Guyana is among four sugar-producing Caribbean Community (CARICOM) member nations that will be the focus of a regional study on the prospects of substituting imported refined sugar with plantation white, the Caribbean Development Bank (CDB) said Tuesday. The Barbados-headquartered financial institution says it is collaborating with CARICOM to gather evidence to decide on the future of sugar in the regional ...
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