There may be an increase in the price of sugar on the local market. Following the announcement of the first payment to sugar cane farmers for the coming crop, stakeholders have begun discussions on the way forward to remain in the industry and be more competitive in the international market, ensuring the sustainability of the industry in Belize. With the new price cut, farmers look for ways to cushion the financial blow and are preparing to approach the government with a proposal to increase the price of sugar in the country which has stood at fifty cents per pound for about fifteen years says Chair of the Orange Walk Branch of the BSCFA Alfredo Ortega.
Alfredo Ortega - Chair Orange Walk Branch BSCFA
“We have been asking the government to increase this price so that farmers can have at least a little bit of pillow in regards to dollars per ton of cane, a math was made that if the price of pound of sugar is increased for twenty five cents farmers are able to get five dollars per ton of cane delivered so that is something that was charged to the Chairman of the SICB Board about two years ago and that he looked forward into garner all the information and present it to the Cabinet and it was done when it reached to the Cabinet and the information that was sent back to us was that Cabinet was not prepared to give an increase to the ton of sugar, looking forward into political issued into that now we have reached to this point in which we said yesterday that we need to join hands together one more and lets go and speak to the Prime Minister looking forward into this situation into lower prices so that it can give a little bit of alleviation in regards to this price that we presently have in hand.”
Ortega says he hopes that this time around GOB reacts in favor of the farmers.
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