GuySuCo has announced that it will not make its production target by some margin this year, but remains adamant that enough cane is in the ground to make the numbers.
GuySuCo, in a press release yesterday, said that industry-wide production figures are hovering around the 210,000 tonnes mark and with two weeks remaining for the closure of the crop and the threat of intense wet weather. The corporation had revised its target twice this year, lowering it to 264,000 tonnes from 280,000 and later aiming for 230,000 tonnes. Production for the second crop was 126,128 for the week ending December 4.
The corporation reiterated that worker turnout has been poor this year; it was 52 percent as of last week. GuySuCo said that if turnout had averaged 75 percent, production would have been over 175,000 tonnes with very little or no carry over canes into the 1st crop of 2011. “This would have ensured the industry surpassed its revised target placing it in a more secure financial position and easily pay a wage increase,” the corporation added.
GuySuCo said its budgeted production is set
