With the closure of the 2014/2015 crop the question now is how much money will the industry pump into the Belizean economy. Tonight that question will go unanswered as the factory is still producing sugar. According to BSI/ASR’s Chief Financial Officer, Belizario Carballo revenues generated by the industry won’t be known until all figures are in.

belizeBelizario Carballo- Chief Financial Officer BSI/ASR

“Well, we don’t have a figure yet to be honest we yet to work out on the basis of the actual production cane price, the last cane price estimate was somewhere around $66.69 per ton and clearly that would be reviewed now and the second payment is five weeks after the crop ends so five weeks from now is second payment and by time before we will have a revised estimate in cane price for this crop so in terms of what revenue that has generated we will determine that but we don’t have that figure with certainty but we will have it subsequently.”

Carmelita Perez – Reporter CTV3

“So, you don’t know if it is going to be higher or lower as yet?”

Belizario Carballo- Chief Financial Officer BSI/ASR

“We don’t know as yet.”

Carmelita Perez – Reporter CTV3

“Any idea on the payment for the bagasse?  or the amount that BSI will be paying out for this crop?”

Belizario Carballo- Chief Financial Officer BSI/ASR

“No, no not as yet but that will be related to the cane price.”

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