GuySuCo: Death by a thousand cuts
Today I continue appraising the sugar industry (and GuySuCo) in view of the considerable European Union (EU) support and the further $4 billion transfer to GuySuCo from the National Budget 2012. I shall discuss the amount, intent, and rationale behind the EU support. Before attending to this, however, as promised last week, let me present for readers’ benefit an updated list of the major players (producers, exporters and importers) of sugar globally (see Table 1 below).
As hinted last week, there has been no major re-shuffling among the global players. There are, however, three recent changes of note: 1) the rise of Russia as a leading producer; it is now no longer a leading importer 2) the emergence …..To continue reading, login or subscribe now.