Xate Blooming In The Forest Reserve

Tonight, there is some good news coming out of the Chiquibul National Park as the Friends for Conser...

Price for Regular Gasoline and Kerosene Reduce

As of mid-night tonight, prices for Regular Gasoline and Kerosene will see reductions at the pumps. ...

Well Known City Figure Charged For Courts Robbery In Corozal

Also arraigned at the Magistrate’s Court today was known city figure Samuel Halliday, who turned 26 ...

Ambassadors Present Credentials To Governor General

Four ambassadors presented their Letters of Credence today to the Governor General of Belize His Exc...

Preliminary Figures For Re-Registration Released

Today marks the start of week two in the mass re-registration exercise here in the Jewel. As the pro...

  • Xate Blooming In The Forest Reserve

    Tuesday, 10 July 2018 01:56
  • Price for Regular Gasoline and Kerosene Reduce

    Tuesday, 10 July 2018 02:02
  • Well Known City Figure Charged For Courts Robbery In Corozal

    Tuesday, 10 July 2018 02:07
  • Ambassadors Present Credentials To Governor General

    Tuesday, 10 July 2018 02:14
  • Preliminary Figures For Re-Registration Released

    Tuesday, 10 July 2018 02:22

Screen_Shot_2017-11-08_at_7.52.04_PMEarlier this week cane farmers received the final payment for the 2016-2017 cane crop season which was estimated at being between $9.05 and $ 9.28 per ton of cane. So looking at the crop season after three payments the total estimated payment to cane farmers was of $64.00, which includes payment for bagasse.


Today as the 2017-2018 cane crop season looms in the horizon, BSI/ ASR issued the first estimated average cane price for the 2018 cane crop which is at forty three dollars and forty cents per ton of cane. So…this means that farmers can expect to receive an estimated thirty six dollars and two cents as first payment for the upcoming cane season.


Looking at prices compared to this past crop, there is no denying that farmers will be receiving a considerably smaller payment per ton of sugar. A letter sent to stakeholders by ASR attributes the lower payment to the sharp drop in sugar prices in the EU market as a result of the reforms which came into effect on October 1st 2017.


Now, while a drop in the prices has been anticipated for several years, there is no doubt that these prices will have an effect on our local farmers, how severe this effect will be? We will just have to wait and see.

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