fbpx
Belize Culture and Women’s Month celebrated in Taiwan
March 1, 2023
Man wins $25,000 on Scratch and Win; Ticket bought at Panda Online in Santa Elena
March 1, 2023

Sugar Cane producers write to Prime Minister requesting increase in sugar prices

Posted: Wednesday, March 1, 2023. 9:40 am CST.

By Zoila Palma Gonzalez: On February 28, 2023, the Corozal Sugar Cane Producers Association (CSCPA) and the Progressive Sugar Cane Producers Association (PSCPA) wrote to Prime Minister John Briceno requesting an increase in the prices of bagged sugar sold in the Belize market.

This includes the brown and plantation white sugar.

“As you may be aware Prime Minister, the last adjustment increase was in 2015, and prior to that was in 2001, such an increase affected only plantation white, and which decision by the then Government remained to be less than farmer’s expectations since such decision was not extended to brown sugar,” the letter said.

The producers noted that the current retail price for plantation white is $0.75 per pound while brown sugar remains to be at $0.39 per pound.

As reflected, local price per pound for brown sugar has not been increased since 2001 (22 years ago) while plantation white is now at $0.75 per pound since 2015 (7 years ago), the producers noted.

The producers stated that the formal request is being made now after ongoing discussions about the need to increase the control price of local sugar sold in the local market.

“This proposal for an increase in the retail price of sugar is based on a price structure which takes accounts of increases in cane growing and sugar manufacturing costs over the past 22 years; that is since 2001,” the letter added.

The producers are requesting that the price of brown sugar be increased from 39 cents per pound to 75 cents per pound.

In addition, the price of white sugar would increase from 75 cents per pound to $1 per pound.

“We as industry stakeholders, are convinced that the proposed increase in the retail prices of locally produced sugar at this time is necessary and very much crucial to securing the continuing viability of all sugar cane farmers and that of the industry to remain viable as an industry which supports the livelihood and prosperity of 5,000 + cane farmers and their families,” the producers stated.

Producers reminded that the sugar industry continues to contribute to the national economy in the form of increased contributions to GDP, employment and foreign exchange earnings, all of which continue to have a positive impact on consumers.

 

Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Belize ~ We offer fully customizable and flexible digital marketing packages. Your content is delivered instantly to thousands of users in Belize and abroad! Contact us at mаrkеtіng@brеаkіngbеlіzеnеwѕ.соm or call us at 501-612-0315.

 

© 2023, BreakingBelizeNews.com. Content is copyrighted and requires written permission for reprinting in online or print media. Theft of content without permission/payment is punishable by law.

Comments

  • Galen University
  • Belmopan Aggregates
  • larry waight
  • Belmopan Aggregates
  • cahal pech village resort
  • Galen University
  • Belmopan Aggregates
  • Belmopan Aggregates