JIS News

Story Highlights

  • Permanent Secretary in the Ministry of Agriculture and Fisheries, Donovan Stanberry, said the local sugar industry is entering a new phase, as the current pricing arrangement with Tate and Lyle ends in 2015.
  • The Permanent Secretary was speaking at a Field Day, held at the Holland Sugar Estate in St. Elizabeth, on October 16.
  • Mr. Stanberry said the time is right for players in the industry, in preparation for what happens in the next round of negotiations with Tate and Lyle, to get the industry operating in an efficient and productive manner.

Permanent Secretary in the Ministry of Agriculture and Fisheries, Donovan Stanberry, said the local sugar industry is entering a new phase, as the current pricing arrangement with Tate and Lyle ends in 2015.

“This crop year is the final year of our contract with Tate and Lyle at a very significantly higher price, than now obtains on the world market. There is already anxiety in terms of what will happen after the end of the current crop, because we have to enter into a new round of negotiations and many people are not optimistic in terms of where the price will fall,” he said.

The Permanent Secretary was speaking at a Field Day, held at the Holland Sugar Estate in St. Elizabeth, on October 16.

Mr. Stanberry said the time is right for players in the industry, in preparation for what happens in the next round of negotiations with Tate and Lyle, to get the industry operating in an efficient and productive manner.

“It’s only the efficient (operators) that will survive, particularly if the (prices) get lower. The sugar industry has survived many storms and with all the uncertainties surrounding prices after 2015, we can only control what is in our power to control…make sure that we grow the cane well, get good yields, diversify the product base and look to the market right here in the Caribbean where we have some protection with the Common External Tariff (CET),” he argued.

The Permanent Secretary said once efforts are made to manage the things that the sugar stakeholders can control, the chances of succeeding are great.