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
