Latest update April 19th, 2024 12:59 AM
Jun 19, 2017 Letters
Dear Editor,
The pattern of poor performance continues uncontrollably at GuySuCo. After recording the lowest annual production in 25 years, of 183,652t in 2016, the incompetent IMC strikes yet another blow on the well-being of the industry and another record of 49,600t sugar after 16 weeks of grinding operation in 1st crop 2017.
This is the 2nd lowest sugar production for a first crop in 25 years and one of the longest, if not the longest crop in recent memory with no estate meeting its targeted sugar production.
The Corporation advised this nation in February of this year that it will produce 74,172t sugar in 1st crop then shamelessly delivers a mere 67% of that target.
The estates individual contributions are: Albion- 18,326t, Rose Hall- 9,090t, Blairmont-9,065t, Enmore- 6,073t and Uitvlugt- 7,046t. Of significance, it must be noted that Rose Hall estate delivered the second highest sugar production but, is slated for closure. To put into perspective the performance in 2017, it is instructive to compare production with 3 previous first crops. It is as follows: 2017- 49,600t, 2016- 56,645t, 2015- 81,143t and 2014- 79,995t.
Editor, with this level of sugar production in 1st crop 2017, the unit cost of production must be astronomical apart from mammoth expenditures in a failing diversification model at Wales estate.
With these realities, taxpayers must demand that the Corporation’s IMC emerge from its state-of-the-art hideout in the LBI compound and give an account for these unfolding disasters. How long will politicians defend a failed model for re-organization of such critical industry?
Sookram Persaud
Where is the BETTER MANAGEMENT/RENEGOTIATION OF THE OIL CONTRACTS you promised Jagdeo?
Apr 19, 2024
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