Posted: Wednesday, January 15, 2020. 1:11 pm CST.
By Aaron Humes: The outlook is still somewhat troubled, but there were smiles all around as the trucks began to pour into the Tower Hill Factory this morning.
Smoke was already wafting in the air, the signal that the giant factory was active again and will be for the next six months.
What it produces feeds much of the North – and the rest of us, indirectly.
But there have been issues external and internal – some addressed, some not.
The drought that consumed most of last year is forecasted to continue, albeit less severely. Farmers have been urged to conserve water supplies to keep the cane growing.
As for sales, the Caribbean and eventually Taiwan will step up breaking down barriers to sales of plantation white and brown sugars, and the direct consumption of sugar for special issues is rolling out in full effect.
World sugar prices are on the rebound due to a deficit in production.
And so Minister of Agriculture Senator Godwin Hulse said that while last year was “the best crop ever,” this year it is more a sense of making the best of the crop we have.
He pledged Government’s support in the short term with the still to come funding from the Caribbean Development Bank and long-term financing from the World Bank to address the water situation.
We’ll have much more in upcoming stories.
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