Come October 2017 Countries who belong to the European Union’s preferential market will be bracing for direct competition following the recent EU reform on world sugar prices and as a direct result the importation to the EU from countries like Belize, will be significantly reduced, spelling troubling times for Belizean farmers.
At the start of the 2016-2017 Sugar cane crop season Vice President of International Relations for ASR, Mac McLachlan, spoke of the changes that needed to be done to ensure that Belize remains competitive in the new market which includes lowering the cost of production significantly which means that farmers need to start increasing productivity if they are to remain competitive in the industry.
Well it seems that, that’s exactly what farmers are doing as today the Sugar Association of the Caribbean (SAC) issued a statement on the Caribbean news ‘Daily Express’ stating that regional sugar producing countries had recorded a significant increase in production for February as compared to the same period last year.
It said that Belize led the production figures with a total of 22,465 tones as the region produced 43,697 metric tons as compared with 26,690 tons last year.
Jamaica was the second best Caribbean producing country with a total of 17,317 tons followed by Guyana with 3,915 tons.
The SAC said that last month, member countries exported 2,341 tons of sugar to the Caribbean Community (Caricom) and the European Union (EU) and noted that for the current crop, to date, the region has exported 86,564 tons to the EU in bulk, 22,387 tons to the United States and 18,289 tons to CARICOM.
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