Billy Ram Balgobin posted:The current price for sugar on the world market is $.22 per lb. Why can't Guyana make a profit or at least breakeven on sugar?
Cost of production is the issue,this is nothing new from since Colonial Times the British Planters were getting preferential prices to offset cost.
The Industry need to add value added products to offset the loss in the prices,the former gov't knew there will be an end to the special prices,the didn't start the process to offset the lost as such the Industry got and are getting bail out from the Government,this is a heavy burden on the coffers of the gov't.