Cane price stays low despite record production

Posted: Wednesday, August 21, 2019. 5:49 pm CST.

By Aaron Humes: Farmers of sugar cane have gotten 91.5% of their second payment estimate for the just-ended crop season, an average per ton of cane of $47.55.

Belize Sugar Industries Limited (BSI) wrote to the leadership of the three cane farmers’ associations explaining that the Sugar Cane Production Committee (SCPC) approved certain relative factors for the established delivery groups.

An estimated 152,585 tons of sugar and 43,859 tons of molasses was projected; the actual figures are not yet available because the production of plantation white sugar continues.

The distribution of sugar sales is as follows: 107,922 tons for the European Union through Tate and Lyle Sugars Limited; 12,300 for the United States; 6,136 tons of bagged Direct Consumption sugars to Tate and Lyle; and 12,613 for the local market – 9,500 tons as PWS and 3,113 tons as local brown. Also, 7,800 tons of molasses has been allocated to the local market

A member of the largest association, the Belize Sugar Cane Farmers’ Association (BSCFA) has stated that even though this year’s production was touted as yielding record numbers, the payment – though higher than last year’s figure – is still low taking into consideration operational costs. The price is reduced even more considering ocean freight and local handling costs.

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