JIS News

Agriculture and Lands Minister, Roger Clarke, has said there were some “exciting offers” from local and international investors, who have expressed interest in participating in the sugar industry.
“Some of the offers are looking very exciting,” he said, noting that the Ministry would be sorting through the offers and at the end of the process, a decision would be made.
The Agriculture Minister was addressing the 69th annual conference of the Jamaica Association of Sugar Technologist (JAST), held recently at the Sunset Jamaica Grande Resort in Ocho Rios.
Earlier on in the year, the Ministry put out invitations for people who wished to participate in the sector, in terms of ownership. “So far, we have gotten inquiries but we believe that we wanted more and we opened up again this time until the end of December,” he explained.
Meanwhile, he said that all stakeholders in the sugar industry must work together to find a common solution to the problems facing the sector.
The country must find a way to preserve the industry, noting that sugar was “one of the best agricultural crops” being produced in the island.
He noted that the government has made a commitment to do all that was necessary in order to keep the industry alive, and as such, some funding had already been identified for the sector.
In 2005, the European Union (EU) announced a 36 per cent reduction in the price paid to Africa, Caribbean and Pacific (ACP) countries for sugar, which would be applied over a four-year period.