GuySuCo EU shortfall to cost US$14.4M

GuySuCo’s dismal performance this year will cost it roughly US$14.4m ($3B) in its shortfall to the guaranteed European Union (EU) market.

With only 135,000 tonnes of sugar (US$60.75m) exported to the European market as of the end of November, GuySuCo would not meet the European Union’s quota, Chief Executive Officer Paul Bhim said yesterday.

The EU quota is 167,000 tonnes and shortfalls made up for other countries  …..To continue reading, login or subscribe now.

Join the Conversation

After you comment, click Post. If you're not already logged in you will be asked to log in or register.

The Comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit/delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity. We moderate ALL comments, so your comment will not be published until it has been reviewed by a moderator.