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Screen_Shot_2014-09-04_at_7.49.59_PMA meeting between the Belize Sugar Cane Farmers Association and the Belize Sugar Industries Limited is scheduled for Monday September 8th 2014 to resume negotiations for the Commercial Agreement. Currently no agreement exists between the miller and the producer to purchase sugar. While both entities agree on most of the conditions placed on the agreement, the negotiation on bagasse revenue sharing is proving to be a setback for the agreement to be signed. So, will anything change during the upcoming meeting? We will let you decide for yourself.

Mac McLachlan- International Advisor ASR Group’s

“We have put forward a formula for the payment of bagasse which we believe it is sensible, it is scientifically based and that we believe should form part of that agreement.”

Carmelita Perez – Reporter

“So where does BSI stand, do they still stand with fifty one cents payment for ton of bagasse?”

Mac McLachlan- International Advisor ASR Group’s

“To be honest the fifty one cents was an example based on previous crop but what we were talking about was that there was a formula on how to work out, the value of the fiber from bagasse that is used to produce electricity for sale to BEL should be, the amount of fiber against the cane price and again therefore what the price should be but you have to remember that the main purpose of Belcogen is not to produce electricity for sale but to produce heat, steam and power for the factory and that is the purpose of having invested in Belcogen.  It’s actually a formula we are discussing and is not actually a price per say and I think people are a little confused about that sometimes and we want to have a serious discussion not about the price but about the formula that determines that price.”

Carmelita Perez – Reporter

“So within that formula it could be more than that fifty one cents?”

Mac McLachlan- International Advisor ASR Group’s

“Well, I am not saying because it is impossible to say, I mean the formula will depend on the prices of sugar for that particular year but if for example we improve yields on cane farming then there will be more tons so like fifty one cents per acre of land and that obviously will have an impact and another misconception that has been put out there this is a one off payment, it is not a one off payment we have looked and thought about this hard and we’ve come up with what is a serious sensible proposition and that is where we stand with that issue.”

Carmelita Perez – Reporter

“Where do you stand with the independent consultant, I know you all said no, have you all changed your mind into this meeting once again?”

Mac McLachlan- International Advisor ASR Group’s

“No, this is a commercial issue, is a commercial issue between two commercial entities in this case cane suppliers and the Mill, I don’t see the role for any outsiders because those commercial decisions has to be taken on a commercial basis is not for anybody else to table it should be between the two entities that are entering into that commercial agreement and that is the way business works.”

While the BSCFA has indicated that the starting of the crop season could be affected if a new commercial agreement has not been signed, BSI say’s they will be ready to receive cane.

Mac McLachlan- International Advisor ASR Group’s

“We are working very hard and very diligently at the Mill here to ensure everything is ready as ready as we can make it for the beginning for the crop season, it is our hope and desire that we will be in a strong position at that point with a new commercial t to enable that  crop season to start, the damage that was caused for the delay of the crop season last time which was partially due to the weather but it was also due to BSCFA proposition of the bagasse but was enormous for the industry because by having put the crop back by two months it made that the sugar content once it started raining it may fell away quite dramatically and although we were blessed with the weather in the end it allow us to continue beyond where we normally would have done.”

We will have more on McLachlan’s interview in tomorrow’s newscast.

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